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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

Banking 52
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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. .

Banking 49
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Weekly Legislative Roundup 4/5/19

NORML

Governor Michelle Lujan Grisham (D) of New Mexico signed cannabis decriminalization legislation into law. An Arkansas House committee defeated a decriminalization bill this week to send it to study. Click here to email your lawmakers in support of expanded medical access. CA resident? FL resident? Legislation is pending, H.

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Weekly Legislative Roundup 6/14/19

NORML

Another hearing is scheduled for Thursday, where the Veterans Affairs Committee will discuss various bills that are pending regarding medical cannabis programs and veterans access. At a more local level, the Cincinnati, Ohio city council approved a measure to decriminalize up to 100 grams of cannabis possession. CA resident?

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Weekly Legislative Roundup 3/29

NORML

House Financial Services Committee has passed The Safe Banking Act, HR 1595 out of committee this week. Governor Jim Justice (R) of West Virginia signed legislation into law that allows financial institutions to provide banking services related to the state’s medical marijuana program. It now awaits consideration by the U.S.

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Weekly Legislative Roundup 6/21/19

NORML

New York state lawmakers approved legislation on Friday to further expand cannabis decriminalization and expunge certain records. Click here to email your lawmakers in support of medical cannabis access at school. Click here to email your lawmakers in support of banking access. The bill now heads to the Governor.

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Weekly Legislative Roundup 3/8/19

NORML

This week, 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. AL resident?