“The reality of the status quo is that only the largest, most well-connected MSOs have enough capital to weather the storm if SAFE doesn’t pass.”
By Kaliko Castille, Minority Cannabis Business Association
With the 2022 midterms over and just one runoff race left to determine whether the Democrats will hold a one-vote or 50-50 majority in the Senate, all eyes (at least in the cannabis industry) are turning to the lame duck session and the hope that the Senate will finally send the Secure and Fair Enforcement (SAFE) Banking Act to President Joe Biden’s desk.
Minority Cannabis Business Association (MCBA) has been supporting the SAFE Banking Act for several years in its current form, but has also put a lot of resources over the last two years into advocating for specific amendments that would improve SAFE without scaring away any Republicans who need to be talked into supporting this bill.
This time last year, I wrote an op-ed…
