Tag: Safe Banking

Daines Testifies on the Importance of Passing SAFE Banking Bill

Bill Would Ensure Legal Cannabis Businesses Have Access to Financial System Click HERE to watch and download. “I’m pleased that the Banking Committee is holding a hearing on this important topic. Across my home state of Montana, and in communities across the country, legal businesses are facing a public safety crisis. These businesses are often forced to operate in all-cash, are appealing targets for robbers. Senator Merkley talked about what’s happening in his State of Oregon, just to the north of him in Washington state for instance, 2022 saw at least 100 armed robberies at cannabis retail stores – the most in the past 10 years. Tragically,

What Montana Law Enforcement is Saying About Daines’ Bipartisan SAFE Banking Act

U.S. SENATE – Following Senator Daines’ reintroduction of his bipartisan “SAFE Banking Act,” several Montana sheriffs voiced their support for the bill to promote public safety. “Regardless of how you feel about recreational marijuana, the people of Montana have spoken. Recreational marijuana is legal in our state. It’s our responsibility to make sure we have a safe way for businesses to conduct their business. Every time that I’ve seen a cash-only business exist in any community, there’s a huge element of organized crime that comes with that. Senator Daines is taking a very responsible and logical step to ensure public safety is

Daines Reintroduces Bipartisan Bill to Increase Public Safety, Support Montana Small Businesses

U.S. SENATE— U.S. Senator Steve Daines today introduced a bipartisan bill, the “Secure and Fair Enforcement (SAFE) Banking Act,” to ensure that legal cannabis businesses have access to banks, credit unions and other financial institutions. Today, many legal cannabis businesses must conduct all of their business entirely in cash, opening them up to theft, tax evasion and organized crime. “Montanans should be able to conduct their small business without fearing for their safety,” Daines said. “Our bipartisan bill would provide the security and peace of mind that legal Montana cannabis businesses need to freely use banks, credit unions and other financial products without a fear of punishment. This bill will help keep our Montana communities safe, keep crime off