Boomstein Authors Article for PaymentsSource on SAFE Banking Act October 01, 2019 PayThink The SAFE Banking Act is a welcome relief for legal cannabis banking and payments – PaymentsSource Manatt Financial Services partner Anita Boomstein wrote an article for PaymentsSource on the importance and limitations of the SAFE Banking Act, which was recently passed in the House. In the article, Boomstein notes that while the bill would provide a means for legitimate cannabis-related businesses and their service providers to receive banking services, it would place the onus on banks to ensure that their partners in the cannabis industry are in full compliance with local regulations for the industry. Read the article here.
