Congressman Steven Horsford Votes to Pass the SAFE Banking Act of 2021

WASHINGTON D.C. — Today, Congressman Steven Horsford voted to pass the SAFE Banking Act of 2021, legislation that would align state and federal law and allow banks to serve cannabis and cannabis-related businesses in states where cannabis is legal for sale. The SAFE Banking Act passed the House on a bipartisan 321-101 vote.

"The current misalignment of state and federal law on cannabis banking has forced legal cannabis businesses to operate on a cash-only basis, which endangers public safety and increases the risk of financial fraud," said Congressman Steven Horsford. "Since cannabis became legal for sale in Nevada, my office has heard from countless small business owners about the need for the SAFE Banking Act. I was glad to vote for this important, bipartisan bill, and I hope the Senate will act swiftly to pass the SAFE Banking Act through Congress."

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