New Jersey Cannabis Banking

 


The New Jersey Assembly Committee approved a bill in December to provide state-level protections for banks and insurers.

A Bill from Assemblymember Verlina Reynolds was passed by the Assembly Financial Instituitions and Insurance Committee. 

Banks that service state legal cannabis business would not be immunized. The committees  action comes as congessional leaders expected to file Legislation to contain broader safeguards. 

Congressional Lawmakers are expected to introduce Legislation that includes language from the secure and Fair Enforcement (SAFE) Banking Act. 

The Fair Enforcement (Safe) Banking Act was introduced to Congress and is awaiting Approval. The SAFE act would included Federal Banking , expungements and more. 


JaysweepzLLC

Culture DaConvo

JaysweepzLLC@Gmail.com

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