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CBD Supplement Firms Can Lawfully Use Banks In Legislation House Passed

 
• By Eileen Francis

Secure and Fair Enforcement Act would allow businesses marketing cannabis- and hemp-containing non-drug products as well as marijuana growers and sellers to use US banks through protections for depository institutions providing financial services; Senate legislation stalled in committee.

US map-cannibis-plants

The fastest growing segment of the US consumer health products industry, cannabidiol-containing dietary supplement and food products, will have lawful access to banking and financial services under legislation the House passed on 25 September.

The Secure and Fair Enforcement Act of 2019, or “Safe Banking Act,” would allow marijuana-related businesses – including those that produce CBD products – in states with some form of legalized marijuana to access financial institutions, as it would create

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