SAFE Banking Act vs. SAFER Banking Act – What’s the Difference for the Marijuana Industry?

The Secure and Fair Enforcement Regulation (SAFER) Banking Act, supported by Senators Jeff Merkley (D-OR) and Steve Daines (R-MT), is the fundamental component of this legislation. After a week of intense deliberations and amendments meant to increase its appeal to MPs from both political spectrums, the plan won committee approval in a 14-9 vote after a week of intense deliberations and amendments.