Nearly 50 pieces of cannabis legislation have been introduced during the 2019-2020 legislative session of the U.S. Congress. These various bills, amendments, resolutions and laws represent a busy year for marijuana activity on Capitol Hill. While many have been introduced, much remains the same. With only the House of Representatives appearing remotely close to voting on anything, cannabis regulations aren’t likely to move at all before Election Day 2020.
That said, several pieces of legislation could advance rules in critical areas from law enforcement to access. Sources tell High Times that of the proposed pieces of legislation, two stand out among the rest for their ability to influence America.
The SAFE Banking Act
H.R.1595, better known as the Secure And Fair Enforcement (SAFE) Banking Act of 2019, was for some time in 2020, the most discussed and likely to pass piece of legislation cannabis has seen in ages.
If passed, the bill would provide protections to banks, allowing institutions to work with the cannabis industry without fear of federal repercussions. The bill provides assurance to marijuana and hemp operators who continually face rejections from banks. Even when accepted as a customer, numerous operators have found their accounts shut down once