The SAFE Banking Act Resurfaces
For years, cannabis businesses have struggled with one glaring problem: access to banking. Because cannabis remains federally illegal, most banks refuse to serve dispensaries, growers, and other cannabis companies. That may soon change with the revival of the SAFE Banking Act in Congress.
Why Banking Reform Matters
Without banking access, many dispensaries are forced to run as cash-only businesses. This creates security risks, makes payroll difficult, and limits growth opportunities. Reform would allow cannabis companies to use checking accounts, loans, and credit services—benefits most businesses take for granted.
Who Supports the Bill?
Both Democrats and Republicans are showing renewed support, seeing banking reform as a public safety issue as much as a business one. Law enforcement groups have also expressed interest, citing the risks of robberies tied to cash-heavy dispensaries.
Looking Forward
If passed, this reform could open the floodgates for safer, more efficient cannabis operations nationwide—another step toward full normalization.
