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

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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SAFE Banking Language Not Included In Final NDAA Package

NORML

The post SAFE Banking Language Not Included In Final NDAA Package appeared first on NORML. Banking LEGISLATION Policy

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.

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

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

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

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

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

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

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

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

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.

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

The USDA's Hempseed Bank

Project CBD

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

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

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

SAFE Banking has ‘perfect opportunity’ to pass in Congress soon, says legalization leader

Leafly

The post SAFE Banking has ‘perfect opportunity’ to pass in Congress soon, says legalization leader appeared first on Leafly. Politics cannabis crimes Cannabis Industry cash Congress SAFE Banking ActCash only' rules have led to armed robberies and murder.

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

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!

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.

Poll: Nearly 70 Percent of Americans Want Congress to Allow Licensed Cannabis Businesses Access to Banking Services

NORML

Sixty-eight percent of Americans say that Congress should pass legislation so that marijuana businesses can "access banking services and products in states" where it is legal.

Access 208

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.

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.

Cresco Labs’ Big Acquisition, Denver’s First Cannabis Consumption Club, and a Final Push for SAFE Banking

Veriheal

Cresco Labs made a huge acquisition, Denver is within reach of opening its first consumption club, and cannabis executives rallied to push for industry banking protections. Cannabis Industry Makes Final Push for SAFE Banking.

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

Marijuana Banking: SAFE Banking Act is Dead on Arrival. Again.

Canna Law Blog

Licensed businesses are left hanging high and dry ( again ) when it comes to marijuana banking. Marijuana banking reform seems like a no brainer and an overall win for the industry. Along with meaningful federal tax reform, marijuana banking just got sent to the back of the line.

Signs of Life for the SAFE Banking Act?

Canna Law Blog

The SAFE Banking Act has languished in Congress since early 2017, a victim of political gridlock and division, as well as political wrangling over broad approaches to cannabis legalization. The SAFE Banking Act – Progress on All Fronts. ICYMI: House Passes the SAFE Banking Act!

Reefer Sadness? SAFE Banking Act is Back

Canna Law Blog

The year 2021 was an emotional roller coaster for marijuana banking. It culminated in the death of the Secure and Fair Enforcement ( SAFE ) Banking Act in the Senate, when it didn’t make it into the National Defense Authorization Act (“NDAA”).

Hemp Banking, CBD Banking, and Cannabis Banking: What’s The Difference?

Cannabis Law Report

The post Hemp Banking, CBD Banking, and Cannabis Banking: What’s The Difference? Hemp and cannabis are technically the same plant, but in the eyes of the law, they couldn’t be more different.… … Read More.

Banking Problem? What Banking Problem?

Cannabis Law Report

There’s no longer a banking problem in cannabis,” says Nathaniel Gurien, the CEO of Fincann.… … Read More. Green Entrepreneur

House Appropriations Bill Removes Anti-Marijuana Rider and Includes Banking Protections

NORML

In the proposed FY22 Financial Services and General Government spending bill, which includes provisions relating… The post House Appropriations Bill Removes Anti-Marijuana Rider and Includes Banking Protections appeared first on NORML.

Cannabis Banking Is Happening Despite No Official Legislation In Place

Cannabis Law Report

Marijuana Banking Is Stabilizing In The U.S. Green Entrepreneur

Overcoming Banking Difficulties Within the Cannabis Industry

Cannabis Law Report

A lot of people are unaware that cannabis businesses still have a hard time finding banking solutions. Banks don’t want to work with these businesses because the federal government has not legalized marijuana yet. Overcoming banking challenges in the cannabis industry.

House Passes Cannabis Banking Bill in Historic Vote

Leafly

A strong vote, 321-103, moves cannabis banking reform over a major hurdle. The post House Passes Cannabis Banking Bill in Historic Vote appeared first on Leafly. Politics banking CongressNow it's the Senate's turn.

Businesses Need Bank Accounts; Marijuana Shops Included

NORML

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. ” Legislation introduced by Rep’s Perlmutter and Heck known as the SAFE Banking Act sought to address this issue in the 115th Congress.

Unique Banking Challenges MSOs Encounter

Cannabis Law Report

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?