SAFE Banking Act Gains Cannabis-Friendly Spotlight In Congressional Hearing
PYMNTS
FEBRUARY 14, 2019
The speakers told stories of violent armed robberies, money laundering and tax evasion, among other negative impacts of a cash-based industry. While he said he also supports a safe harbor for FIs, he told the committee that “the current conflict between state and federal law has created a cloud of uncertainty for community and regional banks.”
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