![]() The bill also would prevent federal regulators from: New provisions would extend safe harbor protections to Community Development Financial Institutions and Minority Depository Institutions, allowing them to offer cannabis businesses tailored resources and programs funded through federal dollars alongside private-sector investment to fuel economic growth and opportunity in some of the nation’s most underserved communities. “So I am going to work very hard with my colleagues to make sure criminal justice provisions are part of SAFE Banking when it reaches the floor.”īut the 2023 version of the bill would do more than allow cannabis businesses access to basic banking services. “We have a moral responsibility in Congress to undo the terrible damage caused by the war on drugs, and almost always has affected people of color,” said Schumer. Senate Majority Leader Chuck Schumer (D-NY) said he has “worked very hard to make progress on SAFE Banking Plus,” ensuring the Senate version of the bill contains critical criminal justice provisions like expungement for certain low-level cannabis-related offenses. ![]()
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