Excess cash on our streets can also lead to an increase in black market or cartel activity as well as tax evasion and skimming. Many states with marijuana or cannabis oil sales have strong regulatory structures to help protect abuses in the system and reduce black market activity, but it doesn’t change the fact that legitimate marijuana businesses in these states do not have access to the banking system. Since 2013, we have put forth legislation, the Marijuana Stocks SAFE Banking Act, to allow tightly regulated marijuana businesses the ability to access the banking system. Today, financial institutions who provide banking services to legitimate marijuana businesses are potentially subject to criminal prosecution for “aiding and abetting” a federal crime and money laundering under the Controlled Substances Act. Our legislation removes that risk and uncertainty by providing criminal and civil “safe harbor” protections for depository institutions which provide services to a legitimate marijuana business. In states where Americans have voted to legalize some form of marijuana – whether it be medical or recreational – this legislation simply reduces the public safety risk in those communities by getting cash off the streets and reducing the threat of cartels. Voters in the majority of states have spoken and voted to allow some form of marijuana in their state. Today, 29 states and several U.S. territories have legalized marijuana for medical purposes. Among those, eight states and the District of Columbia allow the use of recreational marijuana. Sixteen other states have passed laws allowing for legal cannabidiol (CBD).