Getting Cannabis Companies Access to SAFE Banking - Kirsten Trusko of EMC and Zane Gilmer of Stinson LLC

You may have heard that one of the biggest challenges for the cannabis industry is that credit card companies and the overwhelming majority of banks refuse to work with cannabis companies. That's how we ended up with the SAFE Act or the Secure and Fair Enforcement Act of 2019, which seeks to give banks coverage to process cannabis-related payments as well as offer them traditional banking options.

Jesse talked to Kirsten Trusko, CEO of Emerging Markets Coalition, and Zane Gilmer, partner at Stinson LLC. According to them, even if it passes, which at this point is honestly a toss-up, the SAFE Act is very likely going to fall short of achieving those goals. Kirsten and Zane discuss with Jesse why that may be the case.