InvestorsHub Logo
Followers 137
Posts 10106
Boards Moderated 3
Alias Born 08/14/2017

Re: bones jones post# 64370

Wednesday, 09/27/2023 5:21:46 PM

Wednesday, September 27, 2023 5:21:46 PM

Post# of 68753
So, it looks like todays vote was just a Committee Vote, . . .
however - it did pass - Overwhelmingly !!!

After a long and arduous wait, it looks like the SAFER Banking Act, the renamed version of the bipartisan law that would allow banks to work with cannabis businesses without penalties, is finally showing some traction after languishing in Congress. Today, the Senate Committee on Banking, Housing and Urban Affairs held a “markup” on the legislation and as expected, the bill passed decisively.

Although members of the House did overwhelmingly vote for the SAFE Banking Act, the bill’s earlier version, several times before, today’s vote marks the first time that Senate members have voted in favor of the measure.

Now it’s off to the Senate and the House for more debate, amendment and votes before hopefully proceeding to President Biden’s desk. If all goes well, the banking ban that has been the scourge of the legal cannabis industry since its inception will be lifted.

Still a way to go but, it looks promising this time !!!

~ $WDLF / Decentral Life / Safe Banking ~
~ Loading the dips & holding ~
~ The clock is ticking ~
Bullish
Bullish
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent WDLF News