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The Week in Weed: July 22, 2022

The Blunt Truth

SAFE Banking made it into the NDAA, but will it stay there? We heard discussion of bills to decriminalize cannabis and release prisoners. safe banking. The SAFE Banking Act passed the House of Representatives yet again. decriminalization. Most of the news this week concerns Congressional action. and finally.

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ICYMI: The House Passes the SAFE Banking Act!

Canna Law Blog

In a pretty historic moment, the House of Representatives officially voted to pass the SAFE Banking Act (H.R. We’ve extensively covered the Act’s progress in past posts (the latest can be found here and here ), but just as a reminder, the Act would finally allow the cannabis industry to access banking and financial services.

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The Week in Weed: September 29, 2023

The Blunt Truth

The big news this week is that, for the first time ever, a cannabis bill, the SAFER Banking Act, got a markup in the Senate. SAFER BANKING Although the SAFE Banking Act has passed multiple times in the House of Representatives, it’s never gotten out of committee in the Senate. Spoiler alert: the two don’t mix.

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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. However, top Democratic Senator Chuck Schumer feels that the SAFE Banking Act is insufficient and potentially detrimental to legalization. Good Bill, Poor Timing. .

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Oregon Cannabis Legislative Preview: Producer Moratorium, Equity, State Banking and More

Cannabis Law Report

HB 4016 also tasks the OLCC with adopting rules to establish a program to assign expired, relinquished or otherwise suspended producer licenses to qualified applicants. This bill arose from the ashes of Oregon’s failed attempt in 2021 to create a cannabis equity program ( HB 3112 (2021) ). House Joint Resolution 205 – State Banking.

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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. FL resident?

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SAFE Banking Act Refiled on Heels of $17.5 Billion in U.S. Cannabis Sales in 2020

SpeedWeed

in 2020, there were 515 banks and 169 credit unions providing services to cannabis-related businesses at the end of last year, according to Financial Crimes Enforcement Network’s (FinCEN) quarterly cannabis banking update. But those banks are not the “national associations” of the world. Helping motor more than $17.5

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