Those fighting for SAFE Banking claim it’s all about access to traditional banking services and reducing dispensary robberies. Yet the industry right now can get loans, banking services and use electronic payment methods. This includes accepting debit cards with added cash back option, transactions made as easily today in a dispensary as a grocery store. In fact, just in Colorado the marijuana industry has generated over $13.8 billion in product sales without any national banking legislation.
So, if the marijuana industry wants to be transparent, it should acknowledge SAFE Banking is about much more.