Pot Banking Bill Heads to Markup as Sponsors Eye House Floor

A bill to get cannabis industry cash off the streets and into bank accounts will get its first markup on March 26 in the House Financial Services Committee as the measure continues to pick up Republican support.

The SAFE Banking Act (H.R. 1595) has 138 bipartisan co-sponsors as of March 19, with more expected to join later this week, according to a spokeswoman for Rep. Ed Perlmutter (D-Colo.), one of the original co-sponsors along with Rep. Denny Heck (D-Wash.). The pair reintroduced the bill on March 7 with two Ohio Republican co-sponsors, Reps. Warren Davidson and Steve Stivers. The bill ...