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House Members Pass Historic Legislation Legitimizing Retail Cannabis Sales

NORML

Members of the House of Representatives voted 321 to 103 in favor, representing 79% of the vote of HR 1595: The SAFE Banking Act, which amends federal law so that explicitly banks and other financial institutions may work directly with state-legal marijuana businesses. Now we look to the Senate, where we are cautiously optimistic.

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Article – “Stop Dreaming: Cannabis Banking Reform Isn’t Happening in 2020”

Cannabis Law Report

If Nasdaq.com are re-distributing a Motely Fool piece on the state of cannabis banking then we’d suggest it is probably worth heeding what’s being said. In other words, it’d open the door for banks to offer lines of credit, checking and savings accounts, and traditional loans, to U.S. Here’s the piece.

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Federal Appropriations Bills Include Limited Cannabis Protections

NORML

This language was first introduced to the House in 2001 and for the first time in history, it is now included in what is referred to as “the base text,” meaning that its inclusion did not require a vote. SAFE Banking.

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Oregon’s Earl Blumenauer Issues Statement On SAFE Banking Act & Re-Introduction Of States Act

Cannabis Law Report

Since Oregon became the first state to decriminalize cannabis in the 1970’s, I have been working to correct the disconnect between federal cannabis policy and the needs and wishes of the American people. Today, we introduced the bicameral, bipartisan STATES Act, to allow each state to determine its own marijuana policy within its borders.

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

Veriheal

Historical Background The NAACP’s recent move aligns with its history of progressive stances on cannabis reform. Other Advocacy Efforts Beyond the NAACP and UFCW, other organizations are also rallying for advancements in cannabis policy. In past years, the NAACP endorsed various measures aimed at decriminalizing cannabis.

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Going green: States would get free hand under pot bill

Cannabis Chronicles

The chamber has set a hearing next week on a bill intended to make banking services more widely available for pot companies. Earl Blumenauer, an Oregon Democrat carrying the current bill in the House, said voters have “elected the most pro-cannabis Congress in American history.”. However, Rep.

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