This piece about the SAFE Act updates a few things, such as the inceasing number of Congressmen who have signed on as co-sponsors from both parties.
Will it pass both the House and Senate and become law so banks can accept accounts from legal cannabis companies? The House looks like a shoo-in, but the Senate is another story.
My guess in the House will pass the SAFE Act, which would allow banks to accept accounts from cannabis companies in states that have legalized it, but the Senate won’t. Though if the Senate does pass the SAFE Act, Trump will sign it, and stock prices on US operators will take off like a SpaceX rocket.
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