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SAFE Banking Act Moves Forward | Portland News
Senator Jeff Merkley’s reintroduction of the SAFE Banking Act aims to finally let legal cannabis businesses access banking services, addressing a decades-old problem that forces them to operate with cash—fueling crime and insecurity. Despite cannabis’s reclassification to Schedule Three, federal restrictions still block financial access, harming businesses and communities. The bill offers protections for industry supporters and includes hemp provisions, backed by bipartisan support and even past backing from former President Trump. While a major step forward, experts caution that…
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