Guam AG backs federal bill that lets cannabis businesses use ban - KUAM.com-KUAM News: On Air. Online. On Demand.

Guam AG backs federal bill that lets cannabis businesses use banks

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Attorney General Leevin T. Camacho joins dozens of attorneys general across the country in backing federal legislation that would give licensed cannabis-related businesses access to the federal banking system.

A.G. Camacho says the Secure and Fair Enforcement Banking Act or SAFE would reduce the likelihood that they will become targets of crime. He adds the measure would also improve Rev and Tax's ability to regulate and monitor cannabis-related sales and revenue.

SAFE also has the support of 38 attorneys general. In April, the governor signed legislation making adult recreational use of marijuana legal on Guam.

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