The US Cannabis Industry Takes Another Gut Punch as Emperor McConnell Throws Out the SAFE Banking Act, Again.

The US Cannabis Industry Takes Another Gut Punch as Emperor McConnell Throws Out the SAFE Banking Act, Again.

Over the last week, investors have been bumping cannabis stocks in the hopes that the SAFE Banking Act, appended to the NDAA by sponsor Rep. Ed Perlmutter in July, would be in the final draft of the must-pass yearly defense funding measure. As it stands, Mitch McConnell, the Senate Minority Leader, is opposed to its inclusion, claiming that enacting SAFE Banking will make the banking system more friendly to illegal substances.