NORML

JULY 23, 2019

Earlier today, the Senate Banking Committee held a hearing on the SAFE Banking Act, which would allow financial institutions to engage in activities with state-legal cannabis businesses. The hearing was entitled, “Challenges for Cannabis and Banking: Outside Perspectives.”

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Banking Legislation Access Policy 194

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. No industry can operate safely, transparently, or effectively without access to reliable banking solutions.

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Banking Business Marijuana Policy 228

NORML

FEBRUARY 14, 2019

The House Financial Services subcommittee on Consumer Protection and Financial Institutions held a hearing Wednesday to address the lack of access to basic banking services by state-legal marijuana businesses. You can share the op-ed on Facebook by clicking here and on Twitter by clicking here.

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Banking Marijuana Topical Access 207

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. 2) Transitioning “Unregulated Market” into the legal framework. 4) US relations – border & banking.

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NORML

MARCH 8, 2019

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.” It now awaits action from the House.

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Legalization Decriminalization Marijuana Legislation 215

Veriheal

APRIL 17, 2025

When it comes to any hot-button issue like cannabis legalization, there are always two sides, often without much middle ground. For those looking through a pro-legalization lens, efforts to continue federal prohibition and bar states from legalizing should be a thing of the past. Current Anti-Legalization Efforts in the U.S.

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Legalization Access Policy Banking 76

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.” ” Download the Resource Guide.

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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

Ohio State Legal Studies Research Paper No. 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. Ohio State Legal Studies Research Paper No.

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Banking Access Research and Development Compliance 98

NORML

MARCH 20, 2020

“Given the tremendous amount of uncertainty in the broader economy, the hundreds of thousands of American workers who are employed by the state-legal marijuana industry must be respected and protected by the emergency actions being taken by elected officials,” said NORML Political Director Justin Strekal.

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Business Legislation Access Policy 356

NORML

DECEMBER 23, 2019

Last Wednesday, he essentially demanded that in exchange for allowing the cannabis industry to access to basic banking services, that the federal government should impose a 2% THC cap on marijuana products and prohibit the retail sale of marijuana-infused edibles or e-liquid vapor extracts.

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Banking Marijuana Retail Safety 251

Cannabis Law Report

AUGUST 30, 2021

Dispensaries and other marijuana industry companies continue to have difficult time getting cannabis banking services. Senate, at least for the moment, some lawmakers are turning their attention to dealing with weed-related banking issues. Why Marijuana Banking Changes Are Needed. It’s something he’s pushed for since 2013.

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Banking Legalization Dispensary Legislation 99

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. Ed Perlmutter (D-Colo.)

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Banking Business Cannabis Access 119

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

Veriheal

JANUARY 27, 2024

Every day, hundreds and thousands of people walk into cannabis dispensaries in legal states to purchase cannabis. Many financial institutions seek to be a part of the cannabis banking movement. In the past year, 553 banks and 202 credit unions provided their services to cannabis-related businesses. However, change is coming.

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Banking Dispensary Cannabis Business 114

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. It’s an $8.3

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Banking Legislation Safety Access 107

Cannabis Chronicles

MAY 8, 2019

banking system to the legal marijuana industry. Most Americans live in states where marijuana is legally available in some form. 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.

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Banking Access Collective Business 100

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

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.

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Banking Policy Business Safety 163

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

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 Law Report

JUNE 4, 2021

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? Why MSOs face unique banking challenges.

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Banking Supply Chain Dispensary Business 87

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 Leon Guerrero (D) of Guam signed cannabis legalization legislation into law. CA resident? CT resident?

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Legislation Banking Hemp Compliance 215

Canna Law Blog

DECEMBER 5, 2019

The tides have been rapidly changing for hemp companies to gain access to banking, which has not traditionally been available to hemp companies due to the fact that hemp was (sort of) federally illegal until about a year ago. Therefore, it’s not yet clear whether banks will service clients engaged in those activities.

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Banking Hemp Compliance Compliance 89

Canna Law Blog

MARCH 17, 2019

Great news: on March 7, 2019, the “ Secure and Fair Enforcement Banking Act of 2019 ” (or, the “SAFE Banking Act”) was officially introduced in the House of Representatives. In case you need a refresher, the SAFE Banking Act needs to pass the House by a simple majority (218 of 435) to reach the Senate. Stay tuned.

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Banking Marijuana Safety Business 86

NORML

JANUARY 19, 2020

Send a message to your lawmakers in support of legalization. House Bill 1359 would create a 5 year medical marijuana pilot program, allowing patients to access their medicine from licensed dispensaries. Send a message to your lawmakers in support of medical marijuana access. FL resident? IN resident? NH resident? NH resident?

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Legislation Decriminalization Access Patients 256

Canna Law Blog

JANUARY 16, 2019

We have spilled a lot of ink on this blog related to the 2018 Farm Bill , which legalized hemp at the federal level. Since late December, we’ve had many clients come to us with frustrations about the ongoing lack of access post-Farm Bill, and questions about how things will play out in 2019. It’s huge news. Stay tuned.

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Banking Hemp Environment Access 87

Veriheal

MAY 16, 2025

Last year, the price of an eighth of weed ranged from about $25 to $60 in s tates with a legal recreational Adult-Use market. However, in some legal states like New Jersey, the price for top-shelf flower can often go as high as $70 per eighth. However, that statistic doesnt mean prices have been dropping in many states.

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Supply Chain Compliance Compliance Dispensary 83

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

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

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. Key webinar takeaways include: Understanding the SAFE Banking Act and what it really means to your cannabis business.

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Banking Sleep Business Events 93

NORML

MARCH 29, 2019

House Financial Services Committee has passed The Safe Banking Act, HR 1595 out of committee this week. Guam became the first US territory to send a bill legalizing the adult-use of marijuana to the governor’s desk in 2019. Click here to email your lawmakers in support of legalization. House Judiciary Committee.

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Legislation Decriminalization Hemp Patients 196

Cannabis Law Report

APRIL 27, 2023

SENATOR’S SAFE BANKING ACT WOULD ALLOW LEGAL CANNABIS BUSINESSES TO ACCESS BANKING SERVICES SUCH AS LINES OF CREDIT, SAVINGS AND CHECKING ACCOUNTS U.S.

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Banking Access Business Legalization 52

NORML

FEBRUARY 22, 2019

On the same day, LegalizeND announced that they will try again with a 2020 legalization ballot initiative. The bill clarifies that products made from the resin of the cannabis plant are legal for medical purposes under state law, including extracts, concentrates, oils, tinctures, and edible products, amongst others. California.

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Legislation Hemp Compliance Compliance 193

NORML

MARCH 8, 2019

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. CO resident?

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MassRoots

FEBRUARY 11, 2019

420, my bill to legalize and responsibly regulate and tax marijuana,” Wyden tweeted on February 8. 420, my bill to legalize and responsibly regulate and tax marijuana. The first one, Small Business Tax Equity Act , proposes that legal cannabis businesses should be allowed to claim tax deductions just like any other small business.

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Legalization Marijuana Legislation Policy 111

Veriheal

JANUARY 3, 2022

From being the first Asian country to legalize medical cannabis to opening dispensaries for free medical cannabis oil and approving medical cultivation and distribution , Thailand has led the charge when it comes to cannabis legalization. In its most recent move, the country has now legalized cannabis flower.

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