Fair: What the F in SAFE Stands For: An Analysis of the Latest Version of the SAFE Banking Act and Ongoing Efforts to Promote Fairness in Cannabis Banking

Abstract

This paper reviews federal laws and approaches to cannabis banking, including the SAFE Banking Act of 2021 and notable changes in the SAFE Banking Act of 2023. Particular focus is placed on amendments seeking to promote banking that is fair. This analysis details how efforts to advocate for provisions promoting fairness in marijuana banking have led to minor but meaningful amendments to the SAFE Banking Act of 2023. It also identifies ongoing opportunities to ensure that banking is fair and accessible for all.

Keywords: SAFE Banking Act, cannabis banking, marijuana reform, banking reform, financial protections, marijuana legislation, cannabis policy, marijuana legalization