Trailblazing fintech reiterates its support of the bill’s passage
Green Check (GC), the leading fintech connector and technology and insights provider in the emerging cannabis market, released the following statement from Kevin Hart, its founder and CEO, on the SAFER Banking Act.
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“This is the first time we’ve been optimistic about the passage of the SAFER Act. It’s encouraging that the bill is originating in the Senate, where its antecedents were unsuccessful. ”
“This is the first time we’ve been optimistic about the passage of the SAFER Act. It’s encouraging that the bill is originating in the Senate, where its antecedents were unsuccessful.
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“While the proposed language in the legislation is far from perfect, it would represent real progress if it is adopted. I’m confident that, if approved, the bill will serve as a catalyst for more banks and credit unions to serve the legal cannabis industry. The language provides more solid guidance on the requirements for a wider range of financial services, including payments.
“We know the markup is merely the next step but with each hint of action out of Congress, more financial institutions recognize that federal legislation will eventually be adopted and that they can serve the cannabis industry .”
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