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House of Representatives Set to Vote on SAFE Banking Act Today

Greenspoon Marder Cannabis Law Group Blog

House of Representatives is expected to vote on the Secure and Fair Enforcement Banking Act of 2019 (the “SAFE Banking Act”) today. In light of these concerns, most banks have denied cannabis-related businesses access to bank accounts and other financial services.

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Quick Guide to Cannabis Business Opportunities

Canna Law Blog

Some examples of plant-touching businesses include: Cultivation and breeding: Cultivators and breeders are essential parts of the industry. Financing: Because cannabis is still illegal at the federal level, most banks won’t provide loans to cannabis companies. If you want to grow industrial hemp, the U.S.

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Crapo’s Crap Statement On US Cannabis Banking, “I remain firmly opposed to efforts to legalize marijuana on the federal level, and I am opposed to legalization in the State of Idaho,”

Cannabis Law Report

He’s demanding more studies and much tighter rules around banking and the crop. Chairman Crapo Outlines Concerns with Cannabis Banking Legislation. Requests feedback on potential changes to address public health and safety issues. I also do not support the SAFE Banking Act that passed in the House of Representatives. .

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Weekly Legislative Roundup 1/18/20

NORML

Legislation is pending, House Bill 1648, to remove all criminal and civil penalties for the use, possession, and cultivation of marijuana by adults. Update : HB 1648 is scheduled for a public hearing in the House Criminal Justice and Public Safety Committee on 1/23/20 at 1:30pm. NH resident? NH resident? NJ resident? New Mexico.

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The Economic Impact of the Medical Marijuana Industry: Trends and Projections

MMJ Recs

This burgeoning industry encompasses a wide range of activities, including cultivation, processing, distribution, and retail sales of medical cannabis products. The establishment of cultivation, processing, and dispensary facilities creates a diverse array of employment opportunities, spanning from agricultural roles to retail positions.

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Article – National Law Review: House Vote on Cannabis Industry-Related SAFE Banking Act Scheduled for September 2019

Cannabis Law Report

As early as September 23, 2019, the United States House of Representatives is expected to vote on the widely anticipated Secure and Fair Enforcement (SAFE) Banking Act. Today’s cannabis industry encompasses the growth, processing, distribution, and other ancillary services related to both hemp and marijuana.

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Weekly Legislative Roundup 3/29

NORML

House Financial Services Committee has passed The Safe Banking Act, HR 1595 out of committee this week. Governor Jim Justice (R) of West Virginia signed legislation into law that allows financial institutions to provide banking services related to the state’s medical marijuana program. It now awaits consideration by the U.S.