Montana urges Congress to pass the SAFER Banking Act of 2023 to support marijuana-related businesses.
Montana's legislature urges Congress to pass the SAFER Banking Act of 2023, which would prevent banks from penalizing marijuana-related businesses. The resolution highlights Montana's legalization of marijuana for medical and recreational use, the state's significant tax revenue from the industry, and the need for financial services to reduce crime and tax evasion. The SAFER Banking Act aims to enable better monitoring and enforcement of legal marijuana businesses.
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