SAFE/SAFER Banking | Position Paper

Despite cannabis legalization in 39 states and D.C., insurance agencies and brokerages remain unable to serve cannabis businesses due to federal banking law conflicts. This position paper supports the SAFE Banking Act (H.R. 2891) and the SAFER Banking Act (S. 2860), which would provide safe harbor for financial institutions—including insurers—serving cannabis-related legitimate businesses. Without these protections, cannabis businesses are forced into cash-only operations, creating criminal risk and limiting access to essential financial services including insurance coverage.

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