US Cannabis Council urges the Senate to Enact Cannabis Banking Reform
Contact: Nik Sibley, 850-345-7092, press@uscannabiscouncil.org
WASHINGTON, D.C. – Bill language for this year’s National Defense Authorization Act (NDAA) was released without cannabis banking reform or restorative justice provisions, despite promising reports that the NDAA might be used as a vehicle for this legislative framework. Under current federal law, financial institutions are prohibited from providing cannabis businesses with critical tools and services like bank accounts and loans, leading to enormous barriers to entry for smaller operators, denial of personal financial services to cannabis industry employees, and ongoing threats to public safety.
U.S. Cannabis Council CEO, Khadijah Tribble, released the following statement:
“While it’s disappointing the Senate failed to include cannabis banking and restorative justice reforms in the NDAA, we are confident that the majority of Senators are committed to enacting a bipartisan version of SAFE Plus by the end of this year. Thus, we remain optimistic that we’ll see cannabis reforms appear in another legislative vehicle in the coming weeks. USCC will continue fighting for federal cannabis banking laws that reflect the reality on the ground and will make our industry more competitive, diverse, and secure for the communities we operate in.”
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The US Cannabis Council (USCC) is the voice of America's regulated cannabis industry. Our business members include many of the largest cannabis companies in the nation, and our nonprofit members are leaders in cannabis policy, criminal justice reform, and more. By harnessing the collective power and reach of our 60+ member companies and nonprofits, we have become a leading force for ending federal prohibition and creating an equitable and values-driven cannabis industry. For more information visit https://www.uscc.org/









