Congressman Ed Perlmutter reintroduces SAFE Banking measure for cannabis companies

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Congressman Ed Perlmutter, D., Colo., said Friday he has attached the Secure and Fair Enforcement (SAFE) Banking Act for cannabis companies to an existing bill called the America Competes Act. The America Competes Act addresses research and innovation efforts as a non-cannabis specific bill. “Cannabis-related businesses – big and small – are in desperate need of access to capital & the banking system in order to operate in an efficient, safe manner & compete in the growing global cannabis marketplace,” Perlmutter said on his Twitter feed late Friday. Late last year, SAFE Banking was included in the House version of the annual U.S. defense spending bill, but it was removed in the Senate.

This article was originally published by Marketwatch.com. Read the original article here.

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