SAFE Banking Act Moves Forward, Faces Uncertain Future in GOP-Controlled Senate

A bill protecting banks that work with cannabis companies passed in the House but faces an uncertain future in the Republican-controlled Senate. The SAFE Banking Act is designed to address the legal and financial challenges resulting from marijuana being legal in some states, but still illegal on the federal level. John Vardaman, Chief Compliance Officer & General Counsel, Simplifya, joined Cheddar to discuss the likelihood of the bill becoming law.