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21 Governors Call For Congress To Pass The SAFE Banking Act

SpeedWeed

A bipartisan group of twenty-one state governors sent a letter to congressional leaders on Monday urging lawmakers to support a bill that would allow legal cannabis businesses to have access to traditional banking services. Green Wave Of Legalization Continues Beyond the SAFE Banking Act. states, four U.S.

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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. This federal distinction, however, has not prevented more than 40 states from legalizing marijuana for medical and/or recreational adult use.

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Colorado: Right now, it just kind of is a piggy bank that folks look to when they want something funded,” Says Democrat Joint Budget Committee Head.

Cannabis Law Report

Now — five-plus years and $1 billion in tax collections since recreational marijuana was legalized in Colorado — top Democratic budget writers say they want to change how pot tax revenue is appropriated, recommending new guardrails for a fund that will total $159 million next budget year.

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ETF Managers Group (ETFMG®) Extends Cannabis and Leveraged ETF Lineup with MJXL

Cannabis Law Report

MJXL is designed to seek daily leveraged investment results, before fees and expenses, of two times (2x) or 200% the performance of the Prime Alternative Harvest Index, providing investors access to the global cannabis ecosystem and benefitting directly from widespread medicinal and recreational legalization initiatives. About ETFMG.

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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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Lighting Up Florida Medical Marijuana People: Rear Battalion, Part 10

Cannabis Law Report

BANKING: The growth? The Republican-controlled US Senate hosted a hearing on cannabis banking on July 23, 2019. In Who’s Now Lobbying on the SAFE Banking Act? Financial institutions, even in states where cannabis is legal, are usually hesitant to serve cannabis businesses while cannabis remains illegal at the federal level.”

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In the Weeds: Missouri Settles With Producers, Treasury Seeks Input on Marijuana Businesses

Cannabis Law Report

In addition, the licensees must execute a management agreement with a third-party operator to manage and operate the remaining facilities that the department will continue to permit in compliance with state law. California Steps Up Tax Collection Efforts. On June 8, 2022, the U.S. It remains to be seen how this will develop.