Last week, despite bipartisan opposition, the Senate Banking Committee voted to advance the bill now known as the SAFER Banking Act to the full Senate. Proponents of this bill won't be able to pass it easily, but your elected Representatives need to hear that you are against this dangerous legislation!
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 is lobbying for the inclusion of the SAFER Banking Act, a bill that would grant the industry access to the federal banking system and institutional investors. This bill would permit banks to be 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 on public health or public safety.
Please contact Congress and tell them to oppose the SAFER Banking Act!