This joint resolution from the Montana Legislature urges the United States Congress to pass the SAFER Banking Act of 2023. The resolution highlights the challenges faced by marijuana-related businesses in accessing traditional banking services due to federal laws that classify marijuana as a Schedule I substance under the Controlled Substances Act of 1970. It notes that while 38 states, including Montana, have legalized or decriminalized marijuana for medical or recreational use, businesses in this sector often operate in cash, which increases risks related to crime and regulatory evasion.

The SAFER Banking Act of 2023 aims to address these issues by preventing depository institutions from being penalized for providing services to marijuana-related businesses. The resolution emphasizes the potential benefits of passing this act, including improved public safety, better financial monitoring of legal marijuana businesses, and respect for state authority in legislating marijuana use. The resolution also calls for the Secretary of State to send copies to key congressional leaders and the Montana Congressional Delegation.