At the end of September, the House of Representatives of the United States decided to adopt a policy to improve public well-being by ensuring the accessibility of financial services to authentic cannabis-related companies and service providers and reducing total funds in these companies, as provided in the formal wording. It indicates that all financial institutions, such as banks, credit unions, etc., could now handle cannabis entities in the countries where drug consumption is permissible; the House accepted for the first time at this point the independent legalization plan or anything as vigorously spoken of.
The Banking Act of Secure and Fair Enforcement (SAFE) was securely accepted at 321-103 in the House. Had 1 populist, 229 in number, more than half Republicans, 91 people, and one liberated and autonomous candidate in support of the policy. The bill was passed at such a moment when there is a clear difference in the general public opinion towards cannabis in the United States. According to the Gallup poll taken a year ago, nearly 65 % of Americans are in favor of their legal system, 65 % is a very large amount for this poll, and it was also the fifth year in which public support had grown. The previous year's passage of the Farm Bill, which allows legal development and growth, as well as the trade-in industrial hemp-derived cannabidiol (CBD), demonstrates the increasing directness and authenticity of marijuana and cannabis businesses among Americans more than ever.
Still, banks are going through a judicial dilemma about analyzing cannabis firms, taking into account that in many U.S. firms, regardless of legalization, marijuana is still considered illegal at the government level. One or more forms of marijuana use are legally allowed in 33 states.
Tags : House of Representatives, formal wording, Banking Act of Secure and Fair Enforcement, judicial dilemma,