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

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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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

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

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

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

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

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

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.

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!

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.

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

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.

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

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.

Podcast: Cannabis Banking in Pennsylvania

Cannabis Law Report

On this episode of the Lancaster Farming Industrial Hemp Podcast, we talk to Ashley Hess from Jonestown Bank & Trust. She is a certified cannabis banking professional, and she gives good advice on how to navigate the tricky waters of cannabis banking.

The Marijuana Banking Bill Gets More Pressure From Political Figures

Cannabis Law Report

Cannabis Banking Bill May Pass This Year. Green Entrepreneur

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?

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 Act Begins Again

Cannabis Law Report

The Secure and Fair Enforcement (SAFE) Banking Act was reintroduced in the House of Representatives today. This bill, which was… Read More. Green Market Report

Cory Booker Threatens To Prevent Cannabis Banking Reform From Passing

Cannabis Law Report

Will Federal Reform or Cannabis Banking Pass First In The U.S.? Green Entrepreneur

Banking Compliance Tiers

Cannabis Law Report

In 2017, Fincann pioneered publication of recommended guidelines and protocols for compliantly and sustainable banking cannabis industry business customers, and… Read More.

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.

Simplifya Appoints Top Cannabis Banking and Financial Services Bod as General Counsel and Chief Banking Officer

Cannabis Law Report

Here’s the press release… National Law Journal’s 2020 Cannabis Trailblazer Katrina Skinner to Help Lead Company’s Legal Matters and Expansion into Banking, Financial and Payment-Related Services and Solutions for Cannabis Businesses and Related-Banking and Financial Sectors.

Best soil for growing cannabis outdoors – How to make a pathway soil bank

Cannabis Life Network

One way to do that is to create a pathway soil bank. The post Best soil for growing cannabis outdoors – How to make a pathway soil bank appeared first on Latest Cannabis News Today - Headlines, Videos & Stocks.

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.

Another Step Forward for Cannabis Banking

Greenspoon Marder Cannabis Law Group Blog

Cannabis Banking. On Tuesday July 23, the Senate Committee on Banking, Housing, and Urban Affairs will discuss the growing need to provide banking services to cannabis businesses. The scheduled hearing, titled “Challenges for Cannabis and Banking: Outside Perspectives” has surprised some in the industry considering that Idaho Senator and Senate Banking committee chairman, Mike Crapo, recently stated he would not consider giving this matter a hearing.

Holy Crapo! Cannabis Banking Reform Makes Surprise Headway

Leafly

Mike Crapo, the Senate banking committee chair, signals an openness to cannabis financial reform. Cannabis Banking Reform Makes Surprise Headway appeared first on Leafly. Politics banking CongressThe post Holy Crapo!

CCIA Calls For Help Supporting The SAFE Banking Act

MassRoots

The California Cannabis Industry Association (CCIA) is calling for cannabis businesses to join them in imploring Speaker Pelosi to prioritize the Secure and Fair Enforcement Banking Act (SAFE Banking Act). What is the SAFE Banking Act? SAFE Banking reduces cash motivated crimes.

Article: 5 cannabis banking options — plus 4 alternatives

Cannabis Law Report

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? Timberland Bank.

April 13 2021: Law Firm Pryor Cashman – Cannabis Banking Update

Cannabis Law Report

Marijuana possession and recreational use were legalized in New York, the banking capital of the United States. This has banks… Read More. Cannabis Law TV

While Legalization Stalls, Some Push For Cannabis Banking Services

Cannabis Law Report

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.

Best Cannabis Seed Bank In 2021

Cannabis Law Report

Whether you’re looking for your favorite strain with marijuana seeds , the most important thing is to get quality from a seed bank you can … Read More. The post Best Cannabis Seed Bank In 2021 first appeared on Cannabis Law Report.

Why Is The SAFE Banking Act So Important?

MassRoots

One of the most important pieces of cannabis related legislation, the Secure and Fair Enforcement Banking Act ( SAFE Banking Act ), has the chance to be included in the next round of COVID-19 relief legislation in the United States. Why is the SAFE Banking Act so important?