63% Of Americans Support Cannabis Banking Reform Amid Congressional Push: American Bankers Association
The latest American Bankers Association (ABA) poll shows that roughly two-thirds of Americans (63%) support allowing cannabis companies full access to banking services, with only 17% in opposition, signaling a clear public mandate for Congress to reconcile state and federal law discrepancies concerning cannabis banking.
This latest data shows a significant increase in support for legislation, including the Secure and Fair Enforcement (SAFER) Banking Act. This legislation would protect financial institutions that service state-licensed cannabis businesses from federal penalties.
Meet The Congressman Behind SAFE Banking At Upcoming Benzinga Conference
Ed Perlmutter, who served eight terms in the House of Representatives, has been at the forefront of cannabis banking reform for years as the lead sponsor of SAFER Banking. Despite having retired from Congress, Perlmutter told Benzinga at its September 2023 Cannabis Capital …