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Signs of Life for the SAFE Banking Act?

Canna Law Blog

The SAFE Banking Act has languished in Congress since early 2017, a victim of political gridlock and division, as well as political wrangling over broad approaches to cannabis legalization. We last covered the SAFE Banking Act in February , when it looked as though 2022 would be the sixth year in which this bill would die.

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The Week in Weed: November 19, 2021

The Blunt Truth

Several governors called on Congress to pass a marijuana banking bill. West Virginia opens its first medical cannabis dispensary. In 2019, candidate Joe Biden spoke out in favor of decriminalizing cannabis and pardoning those in jail for marijuana-related offenses. west virginia mmj dispensary. republican cannabis bill.

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Democratic Senator Chuck Schumer Feels SAFE Banking Act is Not Enough

WeedAdvisor

With cannabis reform sweeping across the country, measures life the SAFE Banking Act are welcome by many financial institutions and members of the cannabis industry. This will certainly open up a world of opportunity, safety and convenience to beleaguered dispensaries everywhere. This leaves the SAFE Banking Act standing on its own.

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Jamaican Government Urging Congress to Allow Banks into the Cannabis Industry

WeedAdvisor

If passed, this bipartisan bill would demolish an obstacle that has plagued banks and dispensaries alike. Due to the clashes between laws in legal states and federal laws – which maintain that marijuana is illegal – banks fear federal prosecution if they handle money from otherwise legal dispensaries. Banking Policies.

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The Week in Weed: May 29, 2020

The Blunt Truth

Virginia decriminalized marijuana. In federal news, the marijuana banking provisions in the latest relief bill may not be dead on arrival. As we all know, the state allowed medical marijuana dispensaries to remain open during the pandemic, but recreational shops were forced to close. Massachusetts recreational shops reopened.

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Weekly Legislative Roundup 1/18/20

NORML

At the state level, a new decriminalization law took effect this week in Hawaii involving the possession of up to three grams of marijuana, as well as a procedure for expungement of past convictions for the same amount. Legislation is pending, A1897, to decriminalize the possession of small amounts of marijuana. IN resident?

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Will Federal Marijuana Legalization in 2022 Happen?

Cannabis Law Report

The Secure and Fair Enforcement Banking Act would have cleared the way for banks to provide financial services to cannabis companies without fear of reprisals by the federal government. Banks currently keep clear of providing these services, even in states where marijuana is legal. appeared first on Dispensaries.