SAFE 4 Equity

"The Act addresses crucial needs for the cannabis industry, especially small and minority-owned operators. Without access to capital, we remain at a significant disadvantage, and the industry will never reach its full potential with regard to diversity and inclusion" - Antonio Valdez of NHCC - National Hispanic Cannabis Council.

Today the Senate is meeting to discuss . This bipartisan legislation is crucial for minority-owned businesses, small businesses, and anyone directly or indirectly involved in the cannabis industry. Watch the hearing here:

Examining Cannabis Banking Challenges of Small Businesses and Workers | United States Committee on Banking, Housing, and Urban Affairs The Official website of The United States Committee on Banking, Housing, and Urban Affairs

Many banks shut out businesses directly or indirectly involved in the cannabis industry, leaving them to operate cash-only.
this leaves them vulnerable to crime?

Last month, President Joe Biden took a step forward in cannabis. Now we must keep that momentum growing and push for further reform.

“Access to the banking system is essential to keeping our communities safe and ensuring full participation in the economy. We can’t continue to ignore this industry and the thousands of workers and communities it affects” – U.S. Senator Sherrod Brown on why needs to pass.

that many cannabis equity license holders are further victimized by predatory lenders and investors on top of being more likely to be barred from basic services?

Even an incremental step is a positive – and monumental – step. For minority and women entrepreneurs, allows their operations to move forward and provides more opportunity to access the financial tools needed to do so.

Without , minority and women entrepreneurs will struggle to operate successfully against larger corporations.

As the 117th Congress enters its final months, the reality is there are not the 60 votes needed in the Senate to pass a broader reform package before the end of the year, despite broad public support.
Demand action:
https://safe4equity.org/

Without , reform advocates could be left completely empty-handed if support shifts in the next Congress.

: If we do not pass , the possibility of not having ANY reform for 2 or more years increases.

Does do enough?

What are the consequences of cannabis businesses being shut out of banking services?

Why is the SAFE Banking Act crucial for entrepreneurs?

Reminder! Our townhall is tonight, at 7:30pm EST!
Sign up here: https://bit.ly/3TpXL8g
And join us here! https://tinyurl.com/SAFECANTWAIT

that cannabis businesses will remain easy targets for violent robberies until they are permitted to access banks?

Sign up here for our townhall on ! https://tinyurl.com/SAFECANTWAIT

Other industries have access to basic financial services. The SAFE Banking Act would allow cannabis businesses to gain equal access to capital and banking services to thrive.

Nichelle Santos & Jeff Booker CannaCoverage

What is ’s History?

Until the SAFE Banking Act is passed, cannabis stores and their employees are at risk of crime because they must use cash payments only. Sign your support for this crucial piece of legislation to better protect businesses and their customers: https://safe4equity.org/

At an Aug. 17 event hosted by the Cannabis Regulators of Color Coalition - CRCC, the panel stressed that the needs further amendments for addressing in the industry. Read their recommendations that would make the bill and the cannabis industry more equitable: https://bit.ly/3PHUSO3

Cannabis Regulators of Color: No SAFE Equity Without Amended Bill The major industry advocacy group says SAFE Banking will not promote equity in cannabis without significant changes.