SAFE Banking Act shouldn't harm children

Published November 8, 2019 1:47pm ET



The marijuana industry is lobbying hard for the Secure and Fair Enforcement Banking Act (SAFE) of 2019. Its stated purpose is “to increase public safety by ensuring access to financial services to cannabis-related legitimate businesses.”

The bill’s supporters say it will increase safety for marijuana businesses that now rely on cash because, while some states have legalized marijuana, it remains illegal under federal law.

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