National Cannabis Roundtable

Spending by Year

Lobbying Firms

What They Lobby For

• HR 1595 SAFE Banking Act We support the Secure and Fair Enforcement (SAFE) Banking Act, which would ensure that lawful and regulated cannabis businesses have access to banking and capital markets, while ensuring that safe and sound financial standards and procedures remain in place for the financial institutions interested in offering services to this marketplace. We urge Congress to provide states with the means to bank, track and tax this inevitable and significant economy.
• HR 1595: Safe Banking Act This bill ensures that lawful and regulated cannabis businesses have access to banking and capital markets, while ensuring that safe and sound financial standards and procedures remain intact for the financial institutions interested in offering services to the cannabis marketplace.
• Maintenance of spending restrictions which protect legal, state-based medical cannabis programs; expansion of those protections to include legal, state-based adult use programs.
• HR 1595/S. 1200 SAFE Banking Act We support the Secure and Fair Enforcement (SAFE) Banking Act, which would ensure that lawful and regulated cannabis businesses have access to banking and capital markets, while ensuring that safe and sound financial standards and procedures remain in place for the financial institutions interested in offering services to this marketplace. We urge Congress to provide states with the means to bank, track and tax this inevitable and significant economy.
• HR 1595/S. 1200: Safe Banking Act This bill ensures that lawful and regulated cannabis businesses have access to banking and capital markets, while ensuring that safe and sound financial standards and procedures remain intact for the financial institutions interested in offering services to the cannabis marketplace.
• Maintenance of spending restrictions which protect legal, state-based medical cannabis programs; expansion of those protections to include legal, state-based adult use programs and increased access to medical cannabis for veterans.
• H.R. 1595/S. 1200 - the Secure and Fair Enforcement (SAFE) Banking Act The cannabis industry represents the fastest growing sector of the U.S. economy and can play a critical role in generating more jobs for more Americans if it has access to the same banking services enjoyed by non-cannabis businesses. Among other considerations, the lack of access to banking services for cannabis companies is leading to more violent crimes of opportunity, as well as to the transmission of contaminated cash during the COVID-19 crisis. As shelter-in-place orders went into effect, most cannabis businesses were deemed essential, but were not able to implement the same electronic, socially distanced payment methods as their non-cannabis peers because they do not have traditional financial services. Access to banking would also enable the government to bank, track and tax cannabis sales which would, in turn, provide law enforcement officials with tools to prevent money laundering.
• Legal cannabis has been the fastest growing industry in the U.S. for the past four years, employing 243,700 Americans, making the legal cannabis industry one of Americas greatest job creators. With access to financial services (through the SAFE Banking Act or H.R. 1595/S.1200) and capital markets, legal cannabis would add $20 billion in tax revenue, create 788,000 new jobs, and $81 billion in loan opportunity in U.S. Banks.
• Maintenance of spending restrictions which protect legal, state-based medical cannabis programs; expansion of those protections to include legal, state-based adult use programs; increased access to medical cannabis for veterans; and access to banking services for cannabis companies.
• The Marijuana Opportunity Reinvestment and Expungement (MORE) Act (H.R. 3884) would remove cannabis from the schedule of controlled substances. The bill also includes provisions to redress the disproportionate harm of the failed War on Drugs on communities of color. The National Cannabis Roundtable seeks to promote social justice, equity and diversity within the cannabis industry as part of commonsense federal regulation.

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