NORML

MARCH 28, 2019

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.

Banking 219

Banking Marijuana Safety Environment 219

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

Banking 141

Banking Access Legislation Policy 141

NORML

MARCH 19, 2019

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.

Banking 250

Banking Marijuana Safety Environment 250

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. ACTIVISM Advocacy Banking ECONOMICS GOVERNMENT INDUSTRY Policy

Banking 198

Banking Topical Access Business 198

NORML

JULY 17, 2019

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

Banking 162

Banking Access Environment Data 162

Leafly

AUGUST 5, 2019

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 Congress

Banking 106

Banking Cannabis 106

NORML

MARCH 8, 2019

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.

Banking 161

Banking Business Access Safety 161

Leafly

JULY 21, 2019

And not a bank in the nation will offer a small business loan. The post Banks Are Redlining the 99% Out of the Legal Cannabis Industry appeared first on Leafly. Industry Politics banking diversity legalizationIt can cost $2 million to open a licensed cannabis store.

Banking 113

Banking Legalization Business Cannabis 113

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

Banking 180

Banking Business Access Marijuana 180

Leafly

JULY 23, 2019

The SAFE Banking Act won't pass until Senate banking chair Mike Crapo allows it. The post Courting Crapo: Today’s Senate Banking Hearing Was All for One Man appeared first on Leafly. Industry Politics banking Congress legalization legislation

Banking 92

Banking Legislation Legalization 92

MJ Business Attorneys

MAY 31, 2019

The California Legislature passed Senate Bill 51 last week, allowing California state-chartered banks and credit unions to provide banking services for the states’ cannabis businesses. The banking struggle is not limited to California.

Banking 130

Banking Business Safety Cultivation 130

Leafly

JUNE 3, 2019

Provisions in a proposed federal spending bill would protect banks that work with the cannabis industry and would finally allow Washington, DC, to greenlight retail cannabis sales. The post Congress Eyes New Way to Allow Cannabis Banking, DC Sales appeared first on Leafly.

Banking 85

Banking Retail Legislation Cannabis 85

Greenspoon Marder Cannabis Law Group Blog

AUGUST 26, 2019

The guidance offers reassurance to credit unions following the 2018 Farm Bill, which federally legalized hemp, but failed to address banking in the hemp industry, leaving the banking industry uncertain as to their capacity to legally serve the industry. By: Kristen Morris, Associate.

Banking 52

Banking Hemp Events Business 52

Cannabis Law Report

MAY 22, 2019

California Senate passes legislation to create state-chartered cannabis banks. The California Senate approves legislation to create state-chartered cannabis banks to help the industry get around restrictions on access to banking services.

Banking 60

Banking Retail Legislation Policy 60

SpeedWeed

FEBRUARY 18, 2019

lawmakers are once again exploring efforts to allow legal cannabis businesses access to banks. The lack of banking services has forced many business owners to risk getting robbed by stashing large amounts of cash, or to resort to money laundering.

Banking 74

Banking Business Safety Access 74

Greenspoon Marder Cannabis Law Group Blog

MARCH 28, 2019

The SAFE Banking Act is sponsored by Reps. and would allow banks and credit unions to work with growers, dispensaries and other marijuana-related businesses. Business owners and operators have struggled with the banking crisis since legalization in their respective states, and the pressure has increased recently with reports of banks shutting down cannabis- and hemp-related business bank accounts. By: Rachel Gillette , Partner and Cannabis Law Practice Chair.

Banking 40

Banking Business History Legislation 40

Leafly

FEBRUARY 13, 2019

After midterm elections that changed the cannabis equation in Congress, the US House is taking up a key issue: banking and other financial services for the new industry. The post In Congress, a Changed House Finally Looks at Cannabis Banking appeared first on Leafly. Industry Politics banking Congress laws legalization

Banking 80

Banking Legalization Cannabis Law 80

Cannabis Law Report

JULY 20, 2019

Senate panel will meet next week to consider steps that could make it easier for marijuana companies to obtain banking services, a move that could pave the way for crucial MJ reform. The July 23 Senate Banking Committee hearing – which took industry officials by surprise – includes Sens.

Banking 69

Banking Marijuana Cannabis Law 69

Greenspoon Marder Cannabis Law Group Blog

JUNE 14, 2019

Although this resolution is limited in scope, pending legislation on the horizon would definitively remedy this issue, specifically the Secure and Fair Enforcement (“SAFE”) Banking Act. The SAFE Banking Act of 2019 is primarily intended to protect banking institutions that provide financial services to cannabis-related businesses operating within the parameters of state law. As of June 5 th , 2019 the SAFE Banking Act has been placed on the Union Calendar (Calendar No.

Banking 56

Banking Business Access State Laws 56

Greenspoon Marder Cannabis Law Group Blog

JULY 26, 2019

On Tuesday July 23, 2019, the United States Senate Committee on Banking, Housing, and Urban Affairs hosted a hearing to discuss national safety implications relating to federal regulations that force cannabis businesses to operate on a cash basis. By: Nabil Rodriguez, Esq. &

Banking 52

Banking Business Safety Data 52

WeedAdvisor

SEPTEMBER 10, 2019

Over the past few months, we covered the progress of the SAFE Banking Act as the fate of financial services to dispensaries hung in the balance. Consequently, cannabis businesses were denied loans, basic banking services and other critical tools that enterprises and individuals take for granted. Regardless, federal banks remain fearful of prosecution for their involvement with legal cannabis businesses. SAFE Banking Act Will Likely Pass. .

Banking 43

Banking Dispensary Compliance Compliance 43

Leafly

APRIL 1, 2019

Nevil Schoenmakers is celebrated for creating the world's first cannabis seed bank and creating legendary hybrids. The post Remembering Nevil Schoenmakers, Founder of the First Cannabis Seed Bank appeared first on Leafly. Industry Netherlands

Hybrid 87

Hybrid Banking Cannabis 87

SpeedWeed

FEBRUARY 15, 2019

Six years after introducing the Secure and Fair Enforcement (SAFE) Banking Act, a cannabis banking reform measure, co-author Denny Heck finally saw it enjoy its first committee hearing in Congress on Wednesday. Here’s How Cannabis Companies Are Banking Legally on the Down Low.

Banking 65

Banking Dispensary Safety Seed-To-Sale 65

Leafly

JULY 26, 2019

The Senate holds a hearing on cannabis banking and it is super super hot. The post The Roll-Up #98: Super Sexy Banking Episode appeared first on Leafly. Also, Kamala Harris and Kirstin Gillibrand win the week in cannabis and social justice.

Banking 63

Banking Cannabis 63

WeedAdvisor

MAY 22, 2019

Banking and the cannabis industry have a somewhat hands-off relationship. banks are skittish about doing business with dispensaries in legal states. Even taxes cannot be paid electronically through a bank, forcing owners to literally hand massive amounts of cash to the IRS every year. SAFE Banking Act of 2019”) to protect banks against such prosecution. Much like state legalization, the cannabis banks fly in the face of federal law.

Banking 43

Banking Business Legislation Legalization 43

WeedAdvisor

JUNE 10, 2019

If passed, this bipartisan bill would demolish an obstacle that has plagued banks and dispensaries alike. The SAFE Act will effectively solve both of these issues by giving banks the green light (no pun intended) to work with dispensaries in legal states, without fear of prosecution.

Banking 60

Banking Dispensary Decriminalization Agriculture 60

Cannabis Law Report

JUNE 22, 2019

Will hemp taint your banking relationship? . Many have setup legal entities and registered under their states’ regulatory programs as permitted growers but have hit a hurdle that most new businesses hop right over: opening a bank account. .

Banking 56

Banking Hemp Agriculture Business 56

Cannabis Law Report

JUNE 30, 2019

The Top Concern For Cannabis Retailers : A look at Banking & Security as it related to retailers. WHAT’S INSIDE THIS FREE INTERACTIVE FLIP-BOOK REPORT? Exclusive Interviews: NUG CEO Dr. John Oram, Flower Company CEO Red Lichtenberger, The Clear & CCMG’s Rich Batenburg.

Banking 56

Banking Retail Cannabis 56

Cannabis Law Report

JULY 20, 2019

The banks actions will mean somebody at the FDIC will have to make some serious decisions that could lead to a number of ramifications for the cannabis sector not only in CA but also nationwide. The bank plans to continue with the merger anyway.

Banking 52

Banking Data Media Business 52

Cannabis Law Report

JULY 26, 2019

The Senate Committee on Banking, Housing, and Urban Affairs yesterday hosted a hearing titled “Challenges for Cannabis and Banking: Outside Perspectives.” As expected, the Secure And Fair Enforcement Banking Act (“SAFE Banking Act”) was a main focus of attention.

Banking 52

Banking Environment Compliance Compliance 52

420 Clinic

DECEMBER 4, 2018

This holiday season, the Clinic is proud to be supporting the Calgary Food Bank. After a successful food bank drive last year, we are looking forward to continuing that impact. We will ensure all the items are delivered safely to the Calgary Food Bank at that time.

Food 52

Food Banking Cannabis 52

Cannabis Law Report

MAY 15, 2019

LOS ANGELES — The fate of a bill that would allow state-chartered banks and credit unions to provide services to California’s marijuana businesses could be determined Thursday when a key hearing is held on the legislation.

Banking 56

Banking Legislation Safety Business 56

Cannabis Law Report

JULY 12, 2019

The California legislature is currently considering a first-of-its kind urgency bill, SB 51, the “Cannabis Limited Charter Banking and Credit Union Law.” CDIs would otherwise be subject to all applicable requirements of the financial banking laws. Authors. Heather Canner.

Banking 52

Banking Business Collective Law 52

Cannabis Chronicles

MAY 8, 2019

banking system to the legal marijuana industry. 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. billion industry into our banking system is hurting our public safety and economy,” said California Attorney General Xavier Becerra, whose state is the nation’s largest legal pot shop.

Banking 100

Banking Collective Access Business 100

Canna Law Blog

JANUARY 16, 2019

We represent a handful of banks (and a larger handful of credit unions), and we give those outfits advice on banking hemp and marijuana. A few of these clients are relatively nimble and bold, but at the end of the day they are still banks.

Banking 92

Banking Hemp Environment Agriculture 92

Canna Law Blog

FEBRUARY 27, 2019

Six years after it was initially introduced, the House Financial Services Committee released the latest draft legislation that would create a “safe harbor” for banks to serve the rapidly expanding cannabis industry on February 7, 2019.

Banking 109

Banking Business Legislation Compliance 109

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.

Banking 94

Banking Business Safety Access 94

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.

Banking 109

Banking Legislation Safety Topical 109

Cannabis Law Report

JULY 2, 2019

The world of marijuana banking has been rife with compliance risks for years. Bank Secrecy Act Compliance. The Bank Secrecy Act is a very important regulation that financial institutions will adhere to when offering products and services to hemp-related businesses. July 1 2019.

Banking 52

Banking Compliance Compliance Business 52

Cannabis Law Report

JULY 22, 2019

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. Prior to the July 23 hearing, the SAFE Banking Act received widespread support among House members with 206 co-sponsors.

Banking 52

Banking Safety Business State Laws 52