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SAFE Banking Act / cannabis banking
Bob Hoban, Hoban Law Group · Last updated May 2026
On-record soundbite (1–2 sentences)
“The SAFER Banking Act's failure is not a legislative fluke — it reflects the structural tension between federal scheduling and state-legal commerce. Until that tension resolves, cannabis will remain a cash-heavy, bank-excluded industry that is disproportionately vulnerable to crime and regulatory overreach.”
— Robert Hoban, Hoban Law Group
Extended quote (3–4 sentences)
“The SAFER Banking Act's failure is not a legislative fluke — it reflects the structural tension between federal scheduling and state-legal commerce. Until that tension resolves, cannabis will remain a cash-heavy, bank-excluded industry that is disproportionately vulnerable to crime and regulatory overreach. What surprises me is how few operators are building the legal infrastructure to access credit unions and state-chartered banks that have already stepped in. The banking solution exists today for operators who know where to look and how to document compliance.”
— Robert Hoban, Hoban Law Group
Attribution
Robert Hoban, Founder and Managing Partner, Hoban Law Group. Quotes may be used in editorial coverage with this attribution line. For background briefings or custom quotes on adjacent topics, contact the press team.