The marijuana industry is unable to access many risk-averse institutional investors due to marijuana's status as an illegal drug at the federal level. In an effort to circumvent this, Big Pot lobbied for the inclusion of the SAFE Banking Act, a bill that would grant the industry access to the federal banking system and institutional investors, in the America COMPETES Act, which is a domestic spending bill. This bill would leave banks out of compliance with federal law, while opening the doors to Wall Street investment into the marijuana industry, accelerating the creation of the next Big Tobacco. This bill is all about maximizing profits, no matter the effects for public health or public safety.
Please contact Congress and tell them to oppose the America COMPETES Act on the basis of its inclusion of the SAFE Banking Act!
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