Reintroduction of the Safe Banking Act Would Cover Cannabis (Digital Journal)

Digital Journal, April 15, 2019

Reintroduction of the Safe Banking Act Would Cover Cannabis

“Another consideration is the insurance industry. And Menendez is also getting ready to introduce legislation that would allow insurance companies to provide services to legal marijuana businesses. Robert Easton, the deputy general counsel, and chief compliance officer of insurance company Marsh LLC, spoke at a New York City Bar Association panel on Friday. He said, ‘There is a lot of confusion about what’s going on in the cannabis space. The confusion stems from the fact that we have a federalist system.'”

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