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Aspen Marijuana Dispensaries

US House Passes Bill Giving Pot Businesses Access To Banking

Sep 27, 2019
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The U.S. House of Representatives passed a bill Wednesday that would grant legal marijuana businesses access to banking, a measure that would clear up a longstanding headache for the industry.

The bill, called the SAFE Banking Act, passed 321-103 on the strength of near-unanimous support from Democrats and nearly half of Republicans. Its prospects in the Senate are uncertain, but supporters said the amount of Republican support in the House was a good sign.

The Vape Guide | Flickr

 

Last week, the Centers for Disease Control and Prevention reported an “outbreak” in lung illnesses due to vaping, citing over 450 possible cases in 33 states, including five deaths. They highlighted particular concern with vapes containing THC, the main psychoactive substance in cannabis.