Although it still has a long road ahead, Representative Ed Perlmutter’s bill that would legalize banking services for marijuana businesses is on the move.

Perlmutter has been proposing marijuana-banking reform measures since 2013, and a draft of his most recent proposal, the Secure and Fair Enforcement Banking Act of 2019, better known as the SAFE Banking Act, had its first hearing in the House Financial Services Committee on February 14. On March 28, the committee approved the SAFE Banking Act by a wide margin, 45 to 15. It w…
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