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NAACP Calls for the “Immediate Passage” of SAFE Banking Legislation

NORML

The NAACP resolution states: “The SAFE Banking Act could enable cannabis businesses with social equity licenses. The post NAACP Calls for the “Immediate Passage” of SAFE Banking Legislation appeared first on NORML. Banking NAACP polling SAFE Bankingto better compete in the industry.".

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Attorneys General Push for Marijuana Banking Reform

NORML

In their letter , AGs opine: “The current predicament of a rapidly expanding national marketplace without access to the national banking systems has resulted in an untenable situation. 2020 Banking Congress Attorney Generals banking safe

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Marijuana Banking Passes Critical Committee

NORML

In the first of what is anticipated to be multiple Congressional votes to address the federal prohibition and criminalization of marijuana, the House Financial Services Committee will today voted to advance The SAFE Banking Act, HR 1595 , 45-15. No industry can operate safely, transparently, or effectively without access to banks or other financial institutions. Our federal banking laws were designed to prevent illicit activity and help law enforcement do their jobs.

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No Further Movement Expected on SAFE Banking, Other Marijuana Reforms in 117th Congress

NORML

The post No Further Movement Expected on SAFE Banking, Other Marijuana Reforms in 117th Congress appeared first on NORML. ACTIVISM Congress expungement featured HOPE Act SAFE Banking Schumer

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Cannabis Banking Left out of NDAA

Cannabis Life Network

United States Congress has declined to include cannabis banking in the NDAA (National Defense Authorization Act). The post Cannabis Banking Left out of NDAA appeared first on Cannabis | Weed | Marijuana | News.

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House Advances SAFE Banking Act as Part of the America COMPETES Act

NORML

This vote marks the sixth time that members of the House have advanced SAFE Banking to the Upper Chamber either as an amendment or as a stand-alone piece of legislation. The post House Advances SAFE Banking Act as Part of the America COMPETES Act appeared first on NORML.

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House Reintroduces SAFE Banking Act To Normalize Cannabis Commerce

NORML

The Secure and Fair Enforcement (SAFE) Banking Act has been reintroduced in the House of Representatives by Representatives Ed Perlmutter (D-CO), Steve Stivers (R-OH), Nydia Velazquez (D-NY), and Warren Davidson (R-OH). Banking Business Policy

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Legal Cannabis Banking in the US

Cannabis Life Network

Legal cannabis banking in the United States is still an open question, even after the midterms. The post Legal Cannabis Banking in the US appeared first on Cannabis | Weed | Marijuana | News.

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Democrats’ Latest COVID Relief Package Includes Marijuana Banking Provisions

NORML

The latest COVID stimulus package proposed by House leadership maintains provisions permitting licensed cannabis businesses… The post Democrats’ Latest COVID Relief Package Includes Marijuana Banking Provisions appeared first on NORML. Banking COVID-19 News Releases Policy

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House Advances SAFE Banking Act as Part of the Must-Pass NDAA

NORML

NORML Supports Swift Enactment; Stresses Need for Further Federal Reforms Washington, DC: The NDAA funding… The post House Advances SAFE Banking Act as Part of the Must-Pass NDAA appeared first on NORML. Appropriations Banking Congress GOVERNMENT LEGISLATION Policy

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NORML Sends Letter In Support Of The SAFE Banking Act Being Attached To The NDAA

NORML

NORML maintains that the NDAA is an appropriate vehicle for the SAFE banking provisions. The post NORML Sends Letter In Support Of The SAFE Banking Act Being Attached To The NDAA appeared first on NORML. ACTIVISM Banking Congress Policy Federal SAFE Banking

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SAFE Banking Omitted from Scaled Back Version of America COMPETES Act

NORML

If there is a legislative version of the Twilight Zone, the SAFE Banking Act seems to be stuck in it at this point.". The post SAFE Banking Omitted from Scaled Back Version of America COMPETES Act appeared first on NORML.

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Senate Banking Committee Holds Hearing On Cannabis Banking

NORML

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.” Senator Jeff Merkley, the lead sponsor of the SAFE Banking Act. ” 2019 Banking GOVERNMENT

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Meet the CLIMB Act, a new bipartisan cannabis banking bill

Leafly

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. Industry Politics banking cannabis banking legalization social equity

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Tell the Senate: Support Keeping SAFE Banking in America COMPETES

NORML

The post Tell the Senate: Support Keeping SAFE Banking in America COMPETES appeared first on NORML. ACTIVISM cannabis committee COMPETES Act Conference Congress legislation marijuana NORML robbery SAFE Banking Senate Small Business TakeAction

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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.

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Murder changed my mind: Pass the SAFE Banking Act now

Leafly

The murder of Jordan Brown has forced me to change my opposition to the SAFE Banking Act. The post Murder changed my mind: Pass the SAFE Banking Act now appeared first on Leafly. Politics cannabis banking cannabis crimes cannabis jobs Cory Booker SAFE Banking Act The Haymaker

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SAFE Banking Is Not Safe

The Blunt Truth

The SAFE Banking Act is no longer in the National Defense Authorization Act and therefore will not pass in this Congress. Banking federal legalization NDAA safe banking act

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The USDA's Hempseed Bank

Project CBD

“If the hemp market is to grow and mature, we need to think beyond cannabinoids

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Poll: Majority of Americans Support Legalizing Marijuana, Expunging Past Convictions, and Allowing Banks to Work with Cannabis Businesses

NORML

The post Poll: Majority of Americans Support Legalizing Marijuana, Expunging Past Convictions, and Allowing Banks to Work with Cannabis Businesses appeared first on NORML. ACTIVISM Polling expungements legalization poll SAFE Banking survey

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Congress To Vote On Cannabis Banking Bill Next Week

NORML

Majority Leader Hoyer on Friday announced that members of the House are anticipated to hold a floor vote next week on The SAFE Banking Act (HR1595), which explicitly permits banks and other financial institutions to work directly with state-legal marijuana businesses. “The upcoming banking vote is an important first step by Congress, but in no way should it be the last,” said NORML Political Director Justin Strekal. 2019 Banking Business GOVERNMENT

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Pennsylvania Says Yes to Banking for Cannabis Businesses

Veriheal

Banking has been a hurdle for cannabis businesses since the birth of the industry. While the federal SAFE Banking Act —which seeks to provide banking protections for cannabis businesses—continues to hit road bump after road bump in the U.S. A Long Road to Cannabis Banking Reform.

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Cannabis banking reform included in latest Congressional COVID relief bill

Leafly

The SAFE Banking Act has been folded into the latest coronavirus relief measure. The post Cannabis banking reform included in latest Congressional COVID relief bill appeared first on Leafly. Politics cannabis banking Congress COVID-19 SAFE Banking Act

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Congressional Hearing On Marijuana Banking Held

NORML

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. NORML Political Director Justin Strekal published on op-ed on the topic in The Hill Newspaper, entitled Businesses need bank accounts — marijuana shops included. ACTIVISM Advocacy Banking ECONOMICS GOVERNMENT INDUSTRY Policy

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Marijuana Banking Bill Scheduled For Committee Markup

NORML

In the first in what are anticipated to be multiple Congressional hearings to address the federal prohibition and criminalization of marijuana, the House Financial Services Committee has scheduled to convene a markup on The Safe Banking Act, HR 1595 on Tuesday, March 26th. No industry can operate safely, transparently, or effectively without access to banks or other financial institutions. Send a message to your member of Congress in support of The SAFE Banking Act now!

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Survey: Most Voters Support Federal Banking Reforms for Licensed Marijuana Retailers

NORML

“Americans understand that no industry can operate safely, transparently, or effectively without access to banks or other financial institutions and it is self-evident that this industry, and those consumers that are served by it, remain severely hampered without this access.".

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SAFE Banking Act Fails for the Third Time 

Cannabis Life Network

Proponents weren’t aiming for a hat trick, but that’s precisely what they got when the SAFE Banking Act failed a third time in the US Senate. The SAFE Banking Act is legislation that aims to provide a framework for regulating financial institutions serving the cannabis industry.

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Nearly a Quarter of Senate Members Send Bipartisan Letter Urging Congressional Leadership to Keep SAFE Banking in Pending Legislative Package

NORML

The post Nearly a Quarter of Senate Members Send Bipartisan Letter Urging Congressional Leadership to Keep SAFE Banking in Pending Legislative Package appeared first on NORML. ACTIVISM SAFE Banking

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Senate Proposed Coronavirus Relief Legislation Does Not Include Marijuana Banking Protections

MassRoots

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.

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Despite federal legalization, banks in Canada still won’t work with weed

Leafly

Banks in Canada continue to discriminate against cannabis clients in spite of legalization (unless you can pay-to-play). The post Despite federal legalization, banks in Canada still won’t work with weed appeared first on Leafly.

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After a week of hope, the SAFE Banking Act dies again in the Senate

Leafly

The post After a week of hope, the SAFE Banking Act dies again in the Senate appeared first on Leafly. Politics Chuck Schumer expungement legalization Mitch McConnell SAFE Banking Act

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Moonstone Bank to Refocus on Community Bank Role, Exit Crypto Space

Medical Marijuana Program Connection

–(BUSINESS WIRE)–Farmington State Bank, d/b/a Moonstone Bank, announced today that the bank is returning to its original mission as. FARMINGTON, Wash.–(BUSINESS

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The SAFE Banking Act Reintroduced

NORML

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. If enacted, banks would no longer face the threat of federal sanction for working with marijuana-related businesses and entrepreneurs.

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Senators Reintroduce SAFE Banking Act To Normalize Cannabis Commerce

NORML

Senators Jeff Merkley (D-OR) and Steve Daines (R-MT), along with 27 other members of the… The post Senators Reintroduce SAFE Banking Act To Normalize Cannabis Commerce appeared first on NORML.

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Moonstone Bank to Refocus on Community Bank Role, Exit Crypto Space

Cannabis Law Report

FARMINGTON, Wash.–(BUSINESS

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Senate Banking Committee to Hear Testimony Regarding Need for Marijuana Reforms

NORML

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. Federal law and regulations currently discourage banks and other financial institutions from working directly with state-licensed cannabis businesses. GOVERNMENT LEGISLATION banking Congress credit financial services SAFE Banking

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Update: DOJ and SAFE Banking Act

Canna Law Blog

As we blogged about last week, the SAFE Banking Act is trying to claw its way back from the dead during this lame duck session of Congress. DOJ “issues” The SAFE Banking Act neither legalizes cannabis nor reschedules it on the Controlled Substances Act.

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