According to new polling commissioned by the American Bankers Association (ABA), a large majority of American adults support passing federal marijuana banking legislation.
“The data released today also indicate that by greater than a 3-to-1 margin (63% support vs. 17% oppose) U.S. adults support Congress passing legislation that allows cannabis businesses to access banking services and financial products like checking accounts and business loans in states where cannabis is now legal”, states a press release for the poll, which was conducted by Morning Consult on behalf of the American Bankers Association.
“Americans have made it clear that Congress should resolve the ongoing conflict between state and federal law on cannabis banking issues by passing legislation that will enhance public safety, tax collection and transparency,” said Rob Nichols, ABA president and CEO.
The data released today “is the latest in a series of results gauging U.S. consumers’ preferences and opinions regarding banks and their services.”
When asked “Do you support or oppose allowing cannabis businesses to access traditional banking services, like a checking account or business loan, in states where cannabis is now legal?” consumers provided the following responses:
- Strongly support – 37%
- Somewhat support –26%
- Somewhat oppose – 9%
- Strongly oppose – 9%
- Don’t know/no opinion – 19%
When asked “Do you support or oppose Congress passing legislation that allows cannabis businesses to have access to banking services and financial products (like checking accounts and business loans) in states where cannabis is legal?” consumers provided the following responses:
- Strongly support – 36%
- Somewhat support –27%
- Somewhat oppose – 8%
- Strongly oppose – 9%
- Don’t know/no opinion – 20%
About the Survey
This poll was conducted by Morning Consult on behalf of the American Bankers Association from March 8-10, 2024, among a national sample of 4,423 adults split into two representative groups for specific question sets (Split Sample A n=2,222 | Split Sample B n=2,201). The interviews were conducted online and the data were weighted to approximate a target sample of adults based on age, race/ethnicity, gender, educational attainment, and region. Results from the full survey have a margin of error of plus or minus 1 to 2 percentage points.
