Poll: 65% of U.S. Voters Support Giving Cannabis Companies Banking Access

According to a new poll, a majority of U.S. voters believe banking access for cannabis businesses should be legal and would help reduce the risk of robbery and assault at the businesses.

Full story after the jump.

According to an Independent Community Bankers of America (ICBA) poll released on Tuesday, 65% of U.S. voters support allowing cannabis businesses to have access to financial services in states where cannabis is legal. The poll was commissioned by Morning Consult. 

The poll found that 71% of respondents agree that allowing cannabis businesses to access baking services would help reduce the risk of robbery and assault at the businesses. Another 55% said that with some cannabis-related businesses owned and led by people of color, women, and the LGBTQ community, allowing for cannabis banking would help these underserved communities.   

In a statement, ICBA President and CEO Rebeca Romero Rainey said the poll shows “U.S. voters have made clear that current law inhibiting access to the banking system for cannabis-related businesses has a negative impact on local communities.” 

“With a supermajority of U.S. voters voicing support for allowing cannabis-related businesses access to the banking system, the Senate should act now on bipartisan cannabis banking legislation that the House has passed seven times.” — Romero Rainey in a press release 

ICBA’s polling also found that more than 80% of voters agree that businesses that operate exclusively in cash have a higher risk of robbery or theft; 62% believe that restricting cannabis-related businesses from accessing the banking system poses a threat to public safety; 63% say that allowing cannabis-related businesses to access the banking system will help improve public safety, and 58% agree that a Senate vote on establishing a cannabis banking safe harbor is important. 

ICBA was the first national banking trade group to support the SAFE Banking Act and to testify before Congress on its behalf. 

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