On Monday, June 6th, the U.S. Conference of Mayors adopted a resolution “imploring Congress to pass a bill to safeguard banks that work with state-legal marijuana businesses from federal penalties.” The group agreed to support not only the Secure and Fair Enforcement (SAFE) Banking Act but also the Marijuana Opportunity Reinvestment and Expungement (MORE) Act (H.R. 3617) and the Cannabis Administration and Opportunity Act (CAOA). Additionally, this week the Republican sponsor for the SAFE Banking Act — Senator Steve Daines (R-Montana) — released an ad explaining what he sees as the benefits of the incremental reform legislation.
