CRCC Position on SAFE Banking Act
While national cannabis legalization efforts have stalled amidst political gridlock, many cannabis lobbyists are pushing for passage of the Secure and Fair Enforcement (SAFE) Banking Act, a bill designed to reduce risk to financial institutions servicing legal cannabis businesses. However, if enacted as-is, SAFE threatens to widen inequities between well-funded corporations and small businesses, particularly those from communities most harmed by cannabis prohibition. Increased access is not the same as equitable access. Committed to centering equity in every aspect of the legal cannabis industry, CRCC highlights key challenges with the SAFE Banking Act and proposes viable amendments to ensure fair and equitable access to financial services.
CRCC Releases SAFE Banking White Paper
Not a SAFE Bet: Equitable Access to Cannabis Banking is the latest project from CRCC, published by The Ohio State University Moritz College of Law Drug Enforcement and Policy Center. The white paper explores and analyzes the SAFE Banking Act, then makes the case for why the bill, as it is currently written, will not resolve the many problems in the financial sector of the cannabis industry. Download CRCC's latest white paper to learn about why and the potential solutions to make the bill more equitable.
OSU Drug Enforcement & Policy Center's Panel Discussion
On August 17, 2022, in partnership with The Ohio State University Moritz College of Law’s Drug Enforcement and Policy Center (DEPC), CRCC held a virtual panel to discuss solutions to the shortcomings of the SAFE Banking Act. This event, part of the DEPC’s Cannabis Regulatory Deep Dive series, supported CRCC's white paper. Check out the panel discussion here.
National Cannabis Policy Summit: Banking on Incrementalism
Moderated by Mona Zhang of POLITICO; Featuring Dasheeda Dawson (Cannabis Regulators of Color Coalition), Chris Michalakis (United Food & Commercial Workers Union); Grover Norquist (Americans for Tax Reform), and Tanner Daniel (American Bankers Association). Click here to see this panel discussion hosted by C-SPAN.
CRCC Releases Op-Ed in Marijuana Moment
Cannabis Banking Defeat In Congress Opens Opportunity For Equity-Centered Approach (Op-Ed) by Dasheeda Dawsson, Chair of CRCC "It’s important to me that we get this right and truly help historically excluded business owners not just in theory, but in reality.” Read more here!