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Senate committee backs resolution urging Congress to pass SAFE Banking Act to let banks serve cannabis businesses
Summary
The Senate Business and Labor Committee voted to support a resolution urging Congress to approve federal legislation allowing banks to serve state-legal cannabis businesses, citing safety and access-to-capital concerns.
Senator Kazmaier presented Senate Joint Resolution 5 to the Senate Business and Labor Committee, urging Montana's congressional delegation to support federal legislation that would allow banks to provide routine financial services to state-legal cannabis businesses.
"This will protect our banks. This is gonna help protect these businesses because we don't want these guys just to be carrying cash," Senator Kazmaier said, framing the resolution as a safety and…
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