A bipartisan group of senators Wednesday introduced legislation that would open legal banking channels to cannabis businesses, a sector that has been blocked from traditional finance by federal drug laws.
The legislation, dubbed the Secure and Fair Enforcement Regulation (SAFER) Banking Act, would give state-legalized marijuana businesses access to banking services, and would also prohibit regulators from ordering a bank or credit union to close an account based on reputational risk.
It is backed by Majority Leader
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