Government
Cannabis Lending Levels Off, US Treasury Report Suggests
Cannabis Lending Levels Off, US Treasury Report Suggests

American financial institutions could be waiting for the U.S. Senate to pass its version of the Secure and Fair Enforcement (SAFE) Banking Act of 2019 before offering services to more cannabis businesses, recent federal data indicates.

US House of Representatives Passes SAFE Banking Act
US House of Representatives Passes SAFE Banking Act

In a historic display of bipartisanship, Democrats and Republicans in the U.S. House of Representatives came together on Wednesday to pass the Secure and Fair Enforcement (SAFE) Banking Act of 2019 by a vote of 321-103.

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