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SAFE Banking Act Gains Cannabis-Friendly Spotlight In Congressional Hearing

PYMNTS

Such prohibition could involve limiting FDIC protections for those deposits, for example, or trying to prevent loans to those businesses. The speakers told stories of violent armed robberies, money laundering and tax evasion, among other negative impacts of a cash-based industry. Cash Dangers.

Oregon 230
article thumbnail

SAFE Banking Act Gains Cannabis-Friendly Spotlight in Congressional Hearing

PYMNTS

Such prohibition could involve limiting FDIC protections for those deposits, for example, or trying to prevent loans to those businesses. They told stories of violent armed robberies, money laundering and tax evasion, among other negative impacts of a cash-based industry. Cash Dangers.

Oregon 115