"Senate Weighs Banking Access for Cannabis Businesses"

The Senate Banking Committee is set to hold a hearing on the Secure and Fair Enforcement Regulation (SAFER) Banking Act, which aims to allow banks to serve the cannabis industry without fear of legal repercussions. Currently, cannabis business owners struggle to open bank accounts, even in states where marijuana is legal. The bill would provide legal cannabis businesses access to banking services such as credit card processing and loans, while still requiring banks to ensure compliance with state laws.