In the News: Cannabis Business Times “U.S. House Includes SAFE Banking Act in New Coronavirus Relief Bill”

In the News May 12, 2020

“[The cannabis industry can play a] part of healing the economy by infusing not just new revenue into communities but also by creating new jobs and hiring individuals from other industries that have been forced to lay off or furlough their workforces.” – Saphira Galoob, executive director of the National Cannabis Roundtable

At the very least, Galoob told CBT in a follow-up phone call, the stimulus package will give lawmakers in D.C. a chance to debate cannabis banking on a more visible platform. Between now and an anticipated Thursday night vote on the rules of this legislation, cannabis might get more of a spotlight than federal lawmakers have been willing to grant it over the past few years.

“I wouldn’t anticipate that cannabis itself or cannabis banking would be a dealbreaker one way or the other, but the ultimate success will likely be informed by the negotiation between the House and the Senate and the administration,” she said. “While negotiations are happening, we will continue to do our parts as advocates and industry stakeholders to show that by unshackling these regulations we can be a part of economic recovery. [The cannabis industry can play a] part of healing the economy by infusing not just new revenue into communities but also by creating new jobs and hiring individuals from other industries that have been forced to lay off or furlough their workforces.”

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In the News: Cannabis Business Times “U.S. House Includes SAFE Banking Act in New Coronavirus Relief Bill”

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In The News