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Is Congress Closer to Reforming the Cannabis Industry’s Access to Financial Services?

Veriheal

CRO Financial Services: The SAFE Banking Act. The SAFE Banking Act was introduced in 2019 and has passed the House seven times, but it still needs to make it to the Senate floor. Throughout the years, the SAFE Banking Act has been revised and is now referred to as the SAFE Banking Plus Act.

Access 108
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David Feldman – Hiller PC: Imperfect Schumer bill good step forward

Cannabis Law Report

Regulatory authority would move from the DEA to the FDA, but also the ATF and the Alcohol and Tobacco Tax and Trade Bureau (TTB). There will also be a role for the Treasury and the Consumer Product Safety Commission. There are no provisions on banking, but making cannabis legal should remove money laundering issues.

Banking 111
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US Hemp Roundtable: Press Coverage Provides Sneak Peak Into U.S. Hemp Roundtable Virtual Fly-In

Cannabis Law Report

Ed Perlmutter (D-CO) and Andy Barr (R-KY) all opined on the progress of the SAFE Banking Act legislation that they’ve been industriously working on; Reps. Many producers expressed concerns that the DEA’s interim final rule would criminalize the processing of hemp extracts. Ron Wyden (D-OR), Jeff Merkley (D-OR) and Reps. By Kyle Jaeger.

Hemp 52
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Highway Robbery Disguised by Badges: The Case of Empyreal Logistics

Veriheal

Empyreal operates in 28 states, acting as a cash courier for cannabis businesses and their banks. These seizures don’t stop crime or improve public safety; they just enrich these agencies, which get to split the proceeds from civil forfeiture. The armored car was driving into Barstow via a Mojave Desert freeway back in November 2021.

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New Kid on the Block: States Reform Act

Canna Law Blog

This includes bills on banking (see the SAFE Banking Act , which has passed the House no less than five times) and overall federal legalization (see the MORE Act as well as its sister Senate legislation, the Cannabis Administration Opportunity Act (“CAOA”)). The enforcement role moves from DEA to ATF.

DEA 88
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Here?s where the 2020 Presidential Candidates Stand on Cannabis

The Joint Blog

Cory Gardner (R) of Colorado and Elizabeth Warren (D) of Massachusetts, that would allow states to write their own marijuana policies, remove marijuana from the list in the CSA, and decriminalize it federally. Decriminalize recreational marijuana use and expunge prior convictions. Joe’s latest policy stances on marijuana.