The Secure and Fair Enforcement (SAFE) Banking Act, which would allow financial services for marijuana businesses and clarify banking confusion for hemp operators, has been reintroduced to the US Senate.
The legislation has already passed in the House of Representatives seven times, but the Senate has never voted on it.
Current regulations discourage banks from providing financial services to marijuana businesses, while makers of hemp products have faced similar confusion from banks due to the difference between marijuana and hemp.
The bipartisan legislation has been supported by both Republican and Democrat lawmakers in both the House and the Senate.
