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How Important is the SAFE Banking Act, Anyway?

Canna Law Blog

I’m pretty sure that more ink has been spilled on the Secure and Fair Enforcement Act (“SAFE Banking”), than any other proposed cannabis law. Specifically, SAFE Banking was introduced in 2017 and it passed the House seven times (seven times!) SAFE Banking will finally go to mark-up this week in the Senate Banking Committee.

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Article: 5 cannabis banking options — plus 4 alternatives

Cannabis Law Report

Cannabis banking options are still quite limited for marijuana entrepreneurs, despite 36 states legalizing medical marijuana and 17 states permitting recreational adult use, according to the National Conference of State Legislatures. Are there cannabis-friendly banks? Compare 5 cannabis-friendly banks and credit unions.

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SAFE Banking Act Cruises to Passage in House

SpeedWeed

Cannabis banking reform deposited another decisive victory in the U.S. In the last Congress, the lower chamber overwhelmingly passed a standalone version of SAFE Banking in 2019, and then House members passed the measure two more times as part of federal coronavirus relief bills in 2020. Helping motor more than $17.5 Billion in U.S.

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Operational Security Solutions (OSS) Board of Directors Appoints New CEO

Cannabis Law Report

Solomon has held a senior role with OSS since corporate inception in 2017 and looks forward to shepherding the Company through its strategic growth and key initiatives. As Solomon begins his new role as CEO, previous managing partner Robert Simpson will be moving into an advisory role on the Company’s Board.

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Simplifya Expands Footprint to 23 States with Launch of New Compliance Solutions for West Virginia Cannabis Owners and Operators

Cannabis Law Report

Company’s Core Operational Compliance Solutions Help Cannabis Operators in the. On April 19, 2017, Governor Jim Justice signed Senate Bill 386 into law, creating the state’s Medical Cannabis Act. Emerging Medical Marijuana Market Stay Compliant.

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SAFE Banking Act Refiled on Heels of $17.5 Billion in U.S. Cannabis Sales in 2020

SpeedWeed

in 2020, there were 515 banks and 169 credit unions providing services to cannabis-related businesses at the end of last year, according to Financial Crimes Enforcement Network’s (FinCEN) quarterly cannabis banking update. But those banks are not the “national associations” of the world. Helping motor more than $17.5

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The Federal Government First Approves Gay Marriage, Then Sports Betting - Is It Finally Marijuana's Turn?

MJ Business Attorneys

With the fear of federal asset forfeiture in conjunction with the current banking laws, lenders and investors have been severely hindered in their ability to work with marijuana businesses. JAMA Internal Medicine recently reported a 14% percent reduction in opioid prescriptions in the states that provide relaxed access to medical marijuana.

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