We’re hovering on the brink of the first pro-marijuana federal legislation in an age. On Friday morning, the House confirmed that the Secure and Fair Enforcement (SAFE) Banking Act will be put to a vote next week. The proposed legislation is only the third piece of potential cannabis law to make it out of committee, and the really crazy part? With a fair level of bipartisan support, the thing has a good chance of passing.
The bill would be a serious assist to cannabis businesses that are currently hamstrung by being locked out of many national financial institutions. The SAFE Act would ensure stability to the US’ growing marijuana industry.
Historic as it may be, many marijuana advocates don’t think the bill is an appropriate first step towards federal cannabis legalization in a nation that has suffered an unjust and racist war on drugs. The ACLU, Center for American Progress, Drug Policy Alliance, Human Rights Watch, and other organizations sent a letter to Speaker of the House Nancy Pelosi this week raising concerns about the SAFE Act. In the communiqué, the groups questioned the wisdom of focusing cannabis reform on marijuana business leaders.
“[The SAFE Banking Act] narrowly addresses the