Publication Date

May 8, 2019

Press Release

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NAAG sent a letter to congressional leadership, urging them to pass the SAFE Banking Act. The bipartisan SAFE Banking Act would protect financial institutions that provide services to companies in the marijuana industry. Although the use of marijuana, both recreationally and medically, is legal in some states and territories, banks may still be held liable by the federal government under the Controlled Substances Act.

Lead States

Colorado, District of Columbia, Nevada, North Dakota

Signatory States

AK, AR, AZ, CA, CO, CT, DC, DE, GU, HI, IA, IL, KY, MA, MD, ME, MI, MN, MP, MS, ND, NJ, NM, NV, NY, OH, OK, OR, PA, PR, RI, UT, VA, VI, VT, WA, WI, WV