article thumbnail

Marijuana Banking: SAFE Banking Act is Dead on Arrival. Again.

Canna Law Blog

The hopes for better and increased marijuana banking, which were tied up in the Secure and Fair Enforcement ( SAFE ) Banking Act (a serious and common sense federal marijuana banking bill), are currently dashed since the SAFE Banking Act has been left out of the Senate’s changes to the National Defense Authorization Act (“ NDAA “).

Banking 86
article thumbnail

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.

Banking 84
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Marijuana Legalization Measures Gaining Momentum In Several States

NORML

Lawmakers in several states have recently moved forward legislative proposals to either legalize or decriminalize marijuana-related activities. LEGALIZATION. Chris Sununu, who has pledged to veto any legalization bill, “regardless of what the language looks like.”

article thumbnail

The Bahamas’ Cannabis Legalization Bill for Medical and Religious Use

Veriheal

In 2018, the leaders of 19 Caribbean nations decided that they would “review marijuana’s current status with a view to reclassification” The leaders emphasized the importance of these cannabis legalization bills as a tool for social justice and economic gain. Recently, The Bahamas’ made good on that 2018 promise.

article thumbnail

Credit Union Assocations Push Congress To Pass Cannabis Banking Reform

Veriheal

A group of associations representing American credit unions recently submitted a letter to Congress urging members to pass critical cannabis banking reform legislation. Because of cannabis’ status as a Schedule I—aka federally illegal—substance, many banks and credit unions avoid hosting accounts for cannabis-related businesses.

Banking 67
article thumbnail

NAACP Advocates for Marijuana Legalization and Cannabis Industry Workers’ Rights in Renewed Push for Reform

Veriheal

In past years, the NAACP endorsed various measures aimed at decriminalizing cannabis. Additionally, these past proposals also pushed for equal access to the economic opportunities arising from the legal cannabis market. Last year, AFGE passed a resolution supporting cannabis legalization.

article thumbnail

SAFE BANKING ACT INCLUDED IN LATEST COVID-19 RELIEF BILL

Cannabis Law Report

The SAFE Banking Act is perhaps the most important piece of federal marijuana legislation outside of bills for full legalization or decriminalization. It has also … Read More.

Banking 59