Safe Banking Act 2024 Update. The advancement of the safer banking act by the senate banking committee may be a signal that significant changes are on the horizon, making marijuana a bigger, more accessible product throughout the country—and allowing cannabis industry participants to make bigger deals—in the near future. The secure and fair enforcement banking act, also known as safe, hit a wall in congress last year after lawmakers excluded it from a $1.7 trillion government funding bill.
The advancement of the safer banking act by the senate banking committee may be a signal that significant changes are on the horizon, making marijuana a bigger, more accessible product throughout the country—and allowing cannabis industry participants to make bigger deals—in the near future. The secure and fair enforcement banking act, also known as safe, hit a wall in congress last year after lawmakers excluded it from a $1.7 trillion government funding bill.