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REGULATORYThe Marijuana Herald

SAFE Banking Act doubles Senate support with four bipartisan cosponsors

Published Jul 29, 2026

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Four senators joined S. 4942 on July 28, bringing the SAFE Banking Act to eight Senate sponsors split evenly between Democrats and Republicans; the House companion also has eight sponsors. The bills remain in committee, but the added support matters to Oklahoma operators because enactment would reduce federal risk for banks, credit unions and payment providers serving state-legal cannabis businesses.

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