Federal Marijuana Banking Safe Act In Limbo; Declining Asset Values Add Risks For Secured Lenders

LexisNexis ( February 10, 2023, 11:53 AM EST) -- Federal legislation giving financial institutions the green light to bank marijuana-related businesses (MRBs) is stymied in Congress. The U. S . House of Representatives did pass the Safe Banking Act (SAFE Act) with bipartisan support, but the Senate failed to act upon the legislation during the 117th Congress. . . .