Secure Banking Act Passes Congress | Why that is a excellent point and what’s subsequent


Earlier this year we blogged about why you cannot obtain cannabis with a credit card in Massachusetts. Merely place, since cannabis is nonetheless a Class 1 controlled substance in the eyes of the federal government, massive banks cannot extend credit to dispensaries like ours devoid of placing themselves at threat for criminal prosecution for “aiding and abetting”.

Think us when we inform you that we’re every single bit as frustrated about this as you are. At Revolutionary Clinics, we got into the cannabis organization to enable folks and enhance the top quality of their lives. Imposing restrictions on how our individuals spend for our solutions is absolutely nothing we’d ever select to do. In that identical weblog post, we also shared some encouraging news about a bill that would address the banking challenge and pave the way for the adjust we’ve been waiting for. That bill is referred to as the Safe and Fair Enforcement Banking Act or Secure.

We’re thrilled to report that in late September, the Secure Banking Act was unanimously passed in Congress by an overwhelming margin of 321 in favor to 103 against.

That is the excellent news.

The poor news is, the Secure Banking Act nonetheless has to be authorized by the Senate. When there is a terrific deal of bi-partisan help for the passage of this bill, it is now at the mercy of the divisive political climate in Washington. Roughly translated, in spite of the truth that millions of Americans want cannabis to be 100% legal and the truth that Congress authorized the Secure Banking Act, there’s no assure it will pass in the Senate.

How can we swing the odds in our favor?

That is exactly where action is necessary from the whole cannabis neighborhood. The old adage about the squeaky wheel obtaining the most grease is specially accurate in this case. We have to have as several individuals, dispensaries, healthcare practitioners, advocacy groups, congress members and senators as feasible to voice their help for The Secure Banking Act.

There are quite a few approaches you can do this which we’ve laid out in order of the time and work needed on your portion. If getting capable to spend for your cannabis with a credit card like you would any other medicine or dietary supplement is significant to you, PLEASE take a couple of minutes to take at least 1 of the actions under. You will not only really feel a sense of accomplishment that you have engaged in the democratic procedure, you will be producing a incredibly true contribution to the future of cannabis accessibility and acceptance.

Full the uncomplicated kind at NORML’s (National Organization for the Reform of Marijuana Laws) and send an auto-populated kind letter to your two state senators: five minutes or significantly less

It does not get significantly much easier than this. CLICK Right here to fill out the kind with your name, address and telephone quantity. Click the green “START WRITING” button and the letter under will automatically pop up in a new window:

I urge you to help the Safe and Fair Enforcement Banking Act (Secure Banking Act), HR 1595 / S. 1200, to permit state-licensed marijuana-connected companies to engage freely in relationships with banks and other monetary institutions.

Presently, extra than 30 states authorize the licensed production and dispensing of healthcare cannabis. Ten states permit related industrial activities and retail sales of marijuana to all adults. However, thousands of these licensed and regulated companies do not have access to the banking business and are unable to accept credit cards, deposit revenues, or create checks to meet payroll or spend taxes. This scenario is untenable. No business can operate safely, transparently, or efficiently devoid of access to banks or other monetary institutions.

Congress ought to move to adjust federal policy so that these increasing quantity of state-compliant companies, and their customers, might operate in a manner that is related to other legal industrial entities.

Permitting tightly regulated marijuana companies the capacity to access the banking program will enable lower the threat of crime, robbery, and assault in our communities and hold the money out of cartels. I urge you to help and cosponsor The Secure Banking Act.

Hit send and the letter will automatically go to Senator Markey and Senator Warren – no copying and pasting and no emailing needed. If you’d like to create your personal letter, just highlight all the text, hit the delete button and make your personal case.

Send the hyperlink to the kind you just filled out to your buddies! five minutes or significantly less

This is significant irrespective of whether your buddies reside in Massachusetts or not. When they place in their address, NORML’s program will automatically send the kind letter to your friends’ Senators. This is a nationwide challenge so we have to have all the help we can get! To make it as straightforward as feasible, we’ve even written a letter for you to copy and paste to your buddies:

As you know, cannabis has produced me a happier, healthier individual. The only dilemma is that due to federal banking laws, the only way I can legally spend for my healthcare marijuana is with money or my debit card. The Safe and Fair Enforcement Banking Act (Secure Banking Act) would make it feasible for my regional dispensaries and dispensaries all more than the nation to accept credit cards from individuals like me.

I’ve currently filled out the uncomplicated kind at the hyperlink under and sent a letter to my state Senators. I’d genuinely appreciate it if you would do the identical. It requires significantly less than 5 minutes and will be a enormous enable to me!

Stick to up with Senator Elizabeth Warren and Senator Ed Markey (15 minutes or significantly less)

Persistence is an crucial portion of the political procedure and the Secure Banking Act is no exception. As significant as it is for several distinctive folks to voice their help for this bill, it is even extra significant for our senators to hear the message as usually as feasible. Share your personal experiences about how cannabis has helped you and getting capable to spend for it with your credit card will enable you even extra. The extra private you can make your appeal, the far better!

CLICK Right here to e-mail Senator Markey

CLICK Right here to e-mail Senator Warren

E-mail or get in touch with members of the Senate Banking, Housing and Urban Affairs Committee! 30 minutes or significantly less

Soon after you have contacted your state senators, it is worth reaching out to the senators who are members of an influential committee that will be sharing its thoughts on the Secure Banking Act when it comes about for vote. Republican Senator Mike Chapo from Idaho is the Chairman of this committee and Democratic Senator Sherrod Brown is the Ranking Member. There are 25 other members of the committee whose names you can locate by CLICKING Right here and scrolling to the bottom of the web page. If you are feeling ambitious, you can Google their names for their e-mail addresses and copy and paste your message to every single senator. You can also get in touch with (202) 224-7391 and leave a message.

With your enable, we can make paying for cannabis as practical as obtaining any other item you have to have to reside your greatest life. If you have concerns about something you have study in this weblog post or want to get even extra involved in cannabis advocacy, drop us a line applying the kind on our web site! We hope to hear from you quickly!




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