In June 2025, while cannabis legalization has advanced at the state level, federal policy remains stalled, particularly impacting small cannabis businesses run by veterans and minorities. The article calls for leadership from President Trump to pass the Safe Banking Act, vital for allowing businesses access to banking systems, which would alleviate risks associated with operating in cash. With bipartisan support for legalization evident among voters and economic benefits for communities, the lack of federal action represents a significant policy failure.
It's essential for cannabis businesses to have access to banking services to ensure safety, transparency, and growth. The delay in federal policy is a failure of leadership.
The cannabis industry is a bipartisan issue, with over 70% of voters supporting legalization across party lines. It's time for federal policy to catch up.
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