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Lawmakers in the U.S. House of Representatives approved the Secure and Fair Enforcement (SAFE) Banking Act (H.R. 1996) in a floor vote of 321-101. This legislation would prevent federal regulators from punishing financial institutions that provide services to state-legal cannabis businesses. Currently, most banks are unwilling to work with the cannabis industry because they fear federal prosecution.
Today, Gov. Michelle Lujan Grisham (D) signed the Cannabis Regulation Act (HB 2) into law, making New Mexico the 18th state to legalize cannabis for adults 21 and over.
Today, Virginia lawmakers gave final approval to a bill that will legalize, regulate, and tax cannabis sales for adults 21 and over. Virginia is now the 17th state to legalize cannabis for adult use and the fourth state to adopt a legalization policy by passing a bill through its state legislature. Thirteen additional states have legalized by voter initiative.
Today, legislation that would legalize, regulate, and tax cannabis sales for adults 21 and over in New Mexico — HB 2 — received final approval from state legislators. The bill now proceeds to the desk of Gov. Michelle Lujan Grisham (D), who has pledged to sign it into law.