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SAFE Banking Act fails to make final senate bill, Schumer vows to try again in next Congress

SAFE Banking Act fails to make final senate bill, Schumer vows to try again in next Congress



Cannabis banking reform will have to wait (again). The United States Senate failed to include the SAFE Banking Act in a large spending package they passed Tuesday. 

Supporters had hoped to add the SAFE Banking Act — which passed the House seven times but never the Senate — to the omnibus spending bill during the lame duck session. The bill would have allowed financial institutions to provide services to cannabis businesses despite cannabis being illegal federally. 

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