Nearly 70% of Americans want Congress to pass cannabis banking bill

A strong majority of Americans support freeing up banks to work with cannabis businesses without facing federal penalties, according to a new poll released by the American Bankers Association (ABA) on Tuesday.

The survey, conducted by Morning Consult, posed two questions on cannabis banking. The first broadly asked respondents whether they support or oppose allowing cannabis businesses to “access traditional banking services, like a checking account or business loan, in states where cannabis is now legal.” Sixty-five said they favor that policy, with just 15 percent in opposition.

Respondents were then asked about whether Congress should approve legislation that would accomplish that reform. For that question, 68 percent said they agree that lawmakers on Capitol Hill should act.

While the prompt didn’t specifically reference the Secure and Fair Enforcement (SAFE) Banking Act, that bipartisan bill would provide the described banking protections, and it’s passed the House in some form six times at this point only to stall in the Senate.

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