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SAFE Banking Language Not Included In Final NDAA Package

NORML

It is unfortunate that Congress chose to not affirm the legitimacy of state-level marijuana legalization and instead chose to deny this emerging legal industry access to basic financial tools and services. The post SAFE Banking Language Not Included In Final NDAA Package appeared first on NORML.

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House Members Once Again Advance SAFE Banking Reform in Must-Pass NDAA Package, Include Cannabis Protections for Veterans

NORML

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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House COVID Package Includes Cannabis Banking Relief, But Not Small Business Support

NORML

Included in the language of the bill is 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. Reform advocates , including NORML, had lobbied leadership to include banking reform in the latest COVID relief measure.

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Attorneys General Push for Marijuana Banking Reform

NORML

Attorneys Generals from 34 states and territories sent a letter today to Congressional leadership urging members to expeditiously pass The Secure and Fair Enforcement (SAFE) Banking Act so that state-licensed cannabis business can explicitly engage in relationships with banks and other financial institutions.

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COVID-19 Relief Package Includes Cannabis Banking Relief

The Joint Blog

Included in the language of the bill, according to NORML, is 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. The post COVID-19 Relief Package Includes Cannabis Banking Relief appeared first on TheJointBlog.

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Bankers Associations From All States Send Letter To Push For SAFE Banking Passage ASAP

Cannabis Law Report

Banking associations representing all 50 states and one U.S. territory sent a letter to Senate leaders on Thursday, imploring them to include marijuana banking reform in a large-scale manufacturing bill that’s heading to bicameral conference. ABA and SBA Letter to the Senate Support SAFE Banking in America COMPETES Act 04282022.

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House Makes Another Push For SAFE Banking Act

Cannabis Law Report

Congress is making another run at providing a safe harbor to the banking industry and companies that provide services to cannabis businesses. On September 21, 2021, the House voted to include the Secure and Fair Enforcement Banking Act of 2021 (SAFE Banking Act) 1 in the annual National Defense Authorization Act for Fiscal Year 2022 (NDAA).

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