NORML

MARCH 8, 2019

A bipartisan coalition of more than 100 co-sponsors has reintroduced legislation in Congress, The Secure and Fair Enforcement Banking Act (SAFE Banking Act), HR 1595 , to allow state-licensed marijuana-related businesses to engage freely in relationships with banks and other financial institutions. This situation is untenable.

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Banking Business Access Safety 223

NORML

FEBRUARY 13, 2019

Imagine operating a business without a bank account. Imagine being forbidden from letting your customers pay for purchases with a credit card, or being able to ask a bank for a small business loan. Furthermore, a total of 33 states have enacted policies to establish a regulated medical cannabis program.

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Banking Business Marijuana Policy 228

NORML

JULY 17, 2019

Members of the United States Senate Committee on Banking, Housing, and Urban Affairs are scheduled to hear testimony next week regarding the need to provide greater access to financial services for state-licensed marijuana-related businesses. ” (Read NORML’s full testimony here.).

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Banking Marijuana Legislation Access 195

NORML

JUNE 1, 2020

House and Senate lawmakers have approved a series of bills to facilitate patients’ access to medical cannabis products. ” Under the current law, doctors may only recommend medical cannabis products to those patients with a limited number of select conditions, such as HIV and cancer. John Bel Edwards.

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Access Therapy Legislation Patients 212

Americans for Safe Access

SEPTEMBER 26, 2019

“The potential benefits that patients stand to gain from passage of the SAFE Banking Act are significant. Americans for Safe Access is proud to have supported this historic bill since its introduction and reiterates its call for swift passage in the Senate. This week cannabis legislation made history.

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Banking Patients History Legislation 219

NORML

JULY 15, 2022

The post House Members Once Again Advance SAFE Banking Reform in Must-Pass NDAA Package, Include Cannabis Protections for Veterans appeared first on NORML. The vote marks the seventh time that House members have advanced this language to the Senate as either an amendment or as a stand-alone bill.

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Packaging Banking Cannabis Access 241

Illinois News Joint

MAY 8, 2025

The Office of the Illinois State Treasurer (Treasurer) this week issued a Request for Proposals (RFP) for banking services for cash processing of medical and recreational cannabis tax payments. The Contractor must be authorized to do business in Illinois as an Illinois bank or a national bank with a presence in Illinois.

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Banking Recreational Collective Cannabis 62

Leafly

JUNE 27, 2022

The new CLIMB Act would help cannabis businesses access banking services, and list on the stock exchange. The post Meet the CLIMB Act, a new bipartisan cannabis banking bill appeared first on Leafly. It emphasizes small, minority-owned businesses.

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Banking Access Business Cannabis 134

Cannabis Law Report

AUGUST 17, 2022

According to its sponsors and supporters, the Safe and Fair Enforcement (‘SAFE’) Banking Act would help address the challenges faced by small cannabis businesses that cannot currently access banking services or loans. Clarify that cannabis criminal records are not an automatic red flag.

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Banking Access Research and Development Compliance 98

NORML

MARCH 20, 2020

That is why this week, NORML reached out to our numerous allies on Capitol Hill to ensure that any Unemployment Insurance aid packages considered by Congress provide relief to cannabis-industry personnel who have been or will be either furloughed from their jobs. Why this clarification is important.

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Business Legislation Access Policy 356

NORML

MAY 11, 2020

. “NORML’s mission is to move public opinion sufficiently to legalize the responsible use of marijuana by adults, and to serve as an advocate for consumers to assure they have access to high quality marijuana that is safe, convenient and affordable.” Together, we will end the criminalization and stigmatization of cannabis.

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Advocacy Access Banking Retail 362

Veriheal

APRIL 14, 2022

Banking has been a hurdle for cannabis businesses since the birth of the industry. Despite the fact that these businesses are state-legal, financial institutions have historically hesitated to work with them due to cannabis’ federally illegal status. A Long Road to Cannabis Banking Reform.

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Banking Business Cannabis Access 119

NORML

AUGUST 27, 2019

Legislation will take effect next week expanding protections for state-qualified medical cannabis patients. It strengthens patient protections by explicitly stipulating that registered cannabis consumers may not be denied public assistance, access to firearms, or certain types of employment solely based upon their patient status.

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Patients Therapy Banking Access 234

Veriheal

JANUARY 27, 2024

The recent surge in the cannabis industry has brought many eyes to witness its potential to grow the American economy. Every day, hundreds and thousands of people walk into cannabis dispensaries in legal states to purchase cannabis. These purchases have contributed to a large growth in the cannabis economy.

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Banking Dispensary Cannabis Business 114

NORML

APRIL 1, 2020

Today, NORML and it’s national network of advocacy chapters released a memo to state lawmakers, regulators, prosecutors, and other interested parties providing guidance for how they can take emergency actions to better promote the health and welfare of cannabis consumers and the general public during the COVID pandemic.

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Policy Advocacy Safety Patients 302

MaxQ Cannabis

MAY 6, 2025

The new administration’s approach to Cannabis policy presents a complex landscape for the U.S. Cannabis industry, marked by both potential advancements and significant challenges. Cannabis Industry Updates appeared first on MaxQ Technologies. This shift would […] The post Federal Shifts and Future Outlook: U.S.

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Banking Policy Access Cannabis 66

MassRoots

JULY 30, 2020

In addition to the dramatic cuts to the weekly enhancements of state unemployment benefits and safety net programs proposed in the House’s version (The HEROES Act), the Senate’s package does not include language that would protect banks who service the legal cannabis industry. SAFE Banking Act. Criticism From Senate Republicans.

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Banking Legislation Marijuana Packaging 116

NORML

DECEMBER 23, 2019

The holiday season means many things to many people, but for Senator Mike Crapo (R-ID), it means walking back commitments to moving cannabis reform forward and turning into the Marijuana Grinch. Tell Senator Crapo that a 2% THC cap is unacceptable and that banking reform can’t wait. “Wait, what?!” ” you ask?

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Banking Marijuana Retail Safety 251

NORML

OCTOBER 15, 2019

NORML Canada launches official Post-Legalization platform to focus advocacy efforts on reforming Canada’s legal Cannabis system. 1) Increased Access. 1) Increased Access. 4) US relations – border & banking. 2) Transitioning “Unregulated Market” into the legal framework.

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Legalization Advocacy Banking Access 210

Cannabis Law Report

AUGUST 30, 2021

Dispensaries and other marijuana industry companies continue to have difficult time getting cannabis banking services. And because federal cannabis legislation appears stalled in the U.S. Senate, at least for the moment, some lawmakers are turning their attention to dealing with weed-related banking issues.

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Banking Legalization Dispensary Legislation 99

Canna Law Blog

JULY 22, 2019

Tomorrow, a Republican-controlled Senate Banking Committee hearing will examine cannabis businesses’ lack of access to banking services to further consider the SAFE Banking Act. CUNA President and CEO, Jim Nussle, already commented: At its heart, cannabis banking is a public safety issue.

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Banking Legislation Safety Access 107

Cannabis Life Network

SEPTEMBER 28, 2023

The SAFER Banking Act has passed a critical Senate Committee hearing with a vote of 14-9. The renamed bipartisan bill would allow banks to work with cannabis businesses without penalties from the federal government. cannabis industry has long been waiting for SAFER Banking to pass the Senate.

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Banking Access Business Marijuana 83

Cannabis Chronicles

MAY 8, 2019

banking system to the legal marijuana industry. But most banks don’t want anything to do with money from the cannabis industry for fear it could expose them to legal trouble from the federal government, which still considers marijuana illegal. Most Americans live in states where marijuana is legally available in some form.

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Banking Access Collective Business 100

Cannabis Life Network

FEBRUARY 14, 2023

The cannabis industry is suing Canadian banks. Canada’s legal cannabis industry has launched a class-action lawsuit against Canada’s large cartel of banks. They allege the banks have discriminated against them by arbitrarily closing accounts and denying services and access to credit.

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Banking Access Cannabis Legalization 75

Veriheal

MAY 16, 2025

Since COVID-19 rocked the economy, cannabis businesses and supply chains claim to have been playing catch-up to get back to business as usual. However, the question remainsjust how bad has inflation been affecting cannabis prices, cannabis business closures, and jobs in the cannabis sector?

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Supply Chain Compliance Compliance Dispensary 83

Cannabis Law Report

JULY 1, 2021

Cannabis banking options are still quite limited for marijuana entrepreneurs, despite 36 states legalizing medical marijuana and 17 states permitting recreational adult use, according to the National Conference of State Legislatures. Are there cannabis-friendly banks? Compare 5 cannabis-friendly banks and credit unions.

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Banking Compliance Compliance Business 84

Cannabis Law Report

JUNE 4, 2021

A sprawling adult-use cannabis industry is taking root from coast to coast. These multi state operators (MSOs) need to take the specific requirements of each state into account in every aspect of their business, from product types offered to how they bank. What are some of the issues that impact an MSO’s ability to access banking?

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Banking Supply Chain Dispensary Business 87

NORML

FEBRUARY 27, 2019

As the tentacles of the federal policy of cannabis prohibition run deep into nearly every sector of American public policy, a new voice emerged to call for clarity regarding state-legal cannabis marketplaces: Federal Reserve Chair Jerome Powell. Cannabis businesses ought to be held to the same standards as other commercial enterprises.

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Banking Policy Business Safety 163

NORML

MARCH 8, 2019

New Hampshire: By a margin of 209 to 147, House members voted late last week in favor of House Bill 481 , which legalizes the possession and cultivate of personal use quantities of cannabis by adults, and establishes a licensed system of commercial production and retail sales. Members of the Senate have until March 16 to act on the bill.

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Legalization Decriminalization Marijuana Legislation 215

NORML

MARCH 15, 2019

Ken Stitt signed legislation yesterday, HB 2612 , clarifying regulations and patient protections specific to the medical use of cannabis. It strengthens patient protections by explicitly stipulating that registered cannabis consumers may not be denied public assistance, access to firearms, or employment solely based on their patient status.

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Marijuana Legislation Banking Patients 201

Canna Law Blog

APRIL 6, 2019

Unfortunately still the position for most banks and hemp. Shortly after the 2018 Farm Bill passed, legalizing industrial hemp, we predicted that banking services for hemp businesses would be slow going. We have consistently heard from lawful hemp producers about the lack of access to financial products. Senators, Sen.

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Banking Hemp Access Business 97

Americans for Safe Access

MAY 25, 2021

Our lead story addresses the ISO 17065 Accreditation of our PFC program and explains why PFC becoming the first cannabis certification body to have achieved this matters so much. You will also find out how to access the recorded panels from Unity 2021 to catch anything you missed.

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Research and Development DEA Banking Access 165

NORML

APRIL 5, 2019

This Act amends the Controlled Substances Act to reduce the number of instances in which federal law enforcement agencies could carry out legal actions against state-licensed cannabis businesses or other related enterprises. Governor Michelle Lujan Grisham (D) of New Mexico signed cannabis decriminalization legislation into law.

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Legislation Banking Hemp Compliance 215

Cannabis Law Report

SEPTEMBER 9, 2021

oin cannabis financial and legal experts and industry thought leaders as they discuss the rapidly changing cannabis capital and finance landscape: Cory Parnell , CPA, Chief Operating Officer of Bridge West CPAs & Advisors. What should cannabis businesses know about credit card processing? Who should attend? Register.

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Banking Sleep Business Events 93

NORML

JANUARY 19, 2020

The US House Energy and Commerce Subcommittee on Health will hold a legislative hearing entitled “Cannabis Policies for the New Decade.” Legislation is pending, House Bill 1089, to protect cannabis consumers from employment discrimination. Send a message to your lawmakers in support of medical marijuana access.

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Legislation Decriminalization Access Patients 256

Canna Law Blog

APRIL 14, 2019

The SAFE Banking Act just got a new, prominent supporter – on April 9, 2019, Treasury Secretary Steven Mnuchin pledged to take a look at the legislation that would allow financial institutions to service cannabis businesses. As we’ve previously written about, there have been several calls for clarity on this banking issue.

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Banking Legislation State Laws Business 90

Cannabis Law Report

AUGUST 20, 2022

CRCC’s paper, published by the Ohio State University (OSU) Moritz College of Law, is titled “Not a SAFE Bet: Equitable Access to Cannabis Banking, An Analysis of the SAFE Banking Act.”. Alcoholic Beverage Control Board and Treasurer, Cannabis Regulators of Color Coalition. 21 Pages Posted: 12 Aug 2022. Cat Packer.

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Banking Access Research and Development Policy 52