Resolution for support of federal SAFER banking act

This joint resolution from the Montana Legislature urges the U.S. Congress to pass the federal SAFER Banking Act of 2023. The bill would allow banks to provide financial services to marijuana-related businesses without fear of federal penalties, addressing the current barrier where these businesses must operate largely in cash due to federal prohibition. Montana specifically supports this measure because state laws have legalized marijuana for medical and recreational use, generating significant tax revenue while businesses struggle to access traditional banking. The resolution aims to reduce crime and tax evasion risks associated with cash-heavy operations and improve oversight of legal marijuana industries.