What would the SAFER banking act do for consumers?
Today, dispensaries must deal in cash because this multi-billion dollar industry cannot legally access the traditional banking system, meaning loans and credit cards, because the Federal Reserve is a federal entity.
Cash presents a public safety issue too. The proposed SAFER act would open up the industry to the Federal Reserve system, allowing you to use a credit or debit card in stores, and write checks. In other words, normal, plus safer for store employees.