U.S. House again passes Colorado congressman’s marijuana banking bill

The U.S. House of Representatives on Monday passed the SAFE Banking Act, a longtime priority for Coloradans in Congress and local cannabis companies.

The House voted 321-101 on the bill, with all Colorado Democrats in favor and two Colorado Republicans opposed. A third Republican, Rep. Lauren Boebert, did not vote.

It now moves to the U.S. Senate, which is split 50-50 between Democrats and Republicans, and some in the latter party worry passing it will increase marijuana use and foreign investments.

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