In testimony submitted today to the House Financial Services Committee, The National Cannabis Roundtable (NCR) called for a “bank, track and tax” approach to reforming current U.S. banking laws and called for legislative action on the Secure and Fair Enforcement (SAFE) Banking Act.
“We urge Congress to provide states with the means to bank, track and tax this inevitable and significant economy,” said NCR Executive Director, Saphira Galoob. NCR’s testimony can be found here.
“The cannabis industry urgently needs a well-regulated, safe way to handle billions of dollars in new revenue. The SAFE Act is a common-sense reform to address a problem that will continue to grow along with the fastest growing business sector in the United States,” Said NCR spokesman Terry Holt