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Department of Justice memo raises concerns about SAFE Banking, prompts changes to bill

Department of Justice memo raises concerns about SAFE Banking, prompts changes to bill



The move to pass banking reform in Congress isn’t dead yet, but time is running short as senators work to overcome objections raised in a Department of Justice memo during the lame duck session, according to recent reports. 

The memo obtained by D.C. political outlet Punchbowl News earlier this month outlines the department’s problems with the SAFE Banking Act’s inclusion in a larger spending bill. The bill would allow regulated financial institutions to work with state-legal cannabis companies even while cannabis remains illegal on the federal level, but the memo raised concerns of unintentional consequences that could hinder other prosecutions. 

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