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Attorneys General Push for Marijuana Banking Reform

NORML

Attorneys Generals from 34 states and territories sent a letter today to Congressional leadership urging members to expeditiously pass The Secure and Fair Enforcement (SAFE) Banking Act so that state-licensed cannabis business can explicitly engage in relationships with banks and other financial institutions.

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Is 2021 The Year Of Meaningful Cannabis Banking Reform?

Cannabis Law Report

With Democrats in control of the White House and Congress (at least until the 2022 midterm election), the question remains as to whether this is the year that the federal government enacts meaningful cannabis banking reform. As a refresher, in March 2019, the Secure and Fair Enforcement (SAFE) Banking Act, or H.R.

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Federal Agencies Provide New Guidance for Hemp Banking

Canna Law Blog

The tides have been rapidly changing for hemp companies to gain access to banking, which has not traditionally been available to hemp companies due to the fact that hemp was (sort of) federally illegal until about a year ago. Therefore, it’s not yet clear whether banks will service clients engaged in those activities.

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Article: Recap: Senate Committee Holds Hearing on Cannabis Banking

Cannabis Law Report

Americans’ access to cannabis has also grown as states pass various laws allowing medical and adult use of the plant. With this federal classification, the cannabis industry is isolated from banking and, in many cases, reduced to a cash-only venture. Senate Committee Holds Hearing on Cannabis Banking.

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Rep Heck: We’re late to implement the SAFE Banking Act. Read his press release, the draft bill & full meeting package

Cannabis Law Report

FIRST CONGRESSIONAL HEARING HELD ON CANNABIS BANKING. Feb 13, 2019 . Today the House Financial Services’ Subcommittee on Consumer Protection and Financial Institutions held the first-ever congressional hearing on the issue of cannabis banking. . From Rep Heck’s Office. Press Release. Washington, D.C.

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Report: Federal Reserve Bank of Kansas City -“Is the Colorado Marijuana Industry Showing Signs of Maturation?”

Cannabis Law Report

DECEMBER 31, 2019 | This issue of the Rocky Mountain Economist provides an update on the economic impacts of the marijuana industry in Colorado and evaluates signs of maturation within this industry nearly six years after the first recreational marijuana storefronts opened. 1, 2019, which has sparked new cash flow for existing businesses.

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Dentons: Cannabis Group Weekly Alert – August 2019 #3

Cannabis Law Report

US Senator Mike Crapo (R-ID) , chairman of the Senate Committee on Banking, Housing and Urban Affairs, expressed interest in addressing banking issues facing cannabis businesses operating legally in their states. The SAFE Banking Act (H.R. The SAFE Banking Act (H.R. Governor Ducey (R-AZ) opposes legalization.

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