ECONOMIC JUSTICE IS
SOCIAL JUSTICE

The Safe Banking Act addresses crucial needs for the cannabis industry, especially small and minority-owned operators. Without access to capital, we remain at a significant disadvantage, and the industry will never reach its full potential with regard to diversity and inclusion. I respectfully ask you to support the Safe Banking Act - by doing so you will ensure the American cannabis industry is a fairer, more equitable industry with greater opportunities for all.

National Holistic Healing Center

The lack of access to capital and the limited choices in banking in cannabis hurts minorities, women, and veteran operators who are at a disadvantage trying to compete with MSO’s that are well financed. This causes the continuation of predatory investors who are taking advantage of entrepreneurs looking to establish their companies.

Suzan Nickelson, Holistic Solutions

Antonio Valdez, National Hispanic Cannabis Council

Why is the SAFE Banking Act and broader access to financial institutions important for minority and women entrepreneurs?

Economic justice is social justice.

Cash-heavy operations put businesses, employees, and communities at risk.

Creates opportunities for small, minority, women, and veteran entrepreneurs.

Social equity requires access to banking and capital.

Negates the stigma surrounding cannabis that creates further barriers for small and minority businesses.

SAFE with broader access to financial institutions is the best step toward a more equitable cannabis industry.

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Senator Cory Booker Speaks About SAFE

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Equitable access to financial institutions is critical on the path to social and economic justice through cannabis reform. Without it, small, minority- and women-owned cannabis businesses lack the resources necessary to run, let alone scale, their businesses, rendering small minority and social equity businesses unable to effectively operate or compete.

SAFE Banking is a rare piece of legislation with strong bipartisan support in both chambers of Congress.

Together, we can create a more equitable and just cannabis industry.