U.S. Rep. Ed Perlmutter and three other congressmen who’ve been pushing to give cannabis businesses access to banking services expressed hope Tuesday their bill would move through the Senate soon.
In a letter sent to Mike Crapo, chairman of the Senate Committee on Banking, Housing and Urban Affairs, the Arvada Democrat and Reps. Steve Stivers, R-Ohio, Denny Heck, D-Wash., and Warren Davidson, R-Ohio, addressed the chairman’s concerns about the Secure and Fair Enforcement (SAFE) Banking Act while urging him to take swift action.
In his comments published Dec. 18, Crapo recommended adding public health and safety requirements to the legislation, such as requiring potency disclosures and a potential 2% THC limit on products before allowing banks to do business with cannabis companies, and rules for preventing “bad actors” from laundering money through banks.
