For a sixth time, the Secure and Fair Enforcement (SAFE) Banking Act has been scrapped by the U.S. Senate just before earning a vote. The proposal would grant state-legal marijuana businesses access to federally insured banks.
The latest blow to the SAFE Banking Act came Thursday when senators stripped the proposal out of the America COMPETES Act, a House-passed bill that aims to subsidize computer chip manufacturers and other industries. The inclusion of the SAFE Banking Act was one of the few...