Hunton Retail Law Resource

As reported on the November 14, 2019 posting to the Hunton Insurance Recovery Blog, last week, in an exciting moment, the U.S. House of Representatives voted 321 to 103 in favor of H.R.1595, the Secure and Fair Enforcement Banking Act of 2019 (“SAFE Banking Act”). If enacted into law, the SAFE Banking Act, would provide financial institutions, including insurers, a safe harbor to do business with “cannabis-related legitimate businesses” in the United States. In particular, the act would protect insurers, independent agents, and brokers from criminal and civil liability ...