NORML

SEPTEMBER 28, 2020

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.

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Packaging Banking Marijuana Business 246

NORML

APRIL 27, 2023

“If cannabis businesses are to have any hope of operating safely, transparently, and in a manner that is competitive with the existing underground market, Congress must pass SAFE Banking now." The post SAFE Banking Act Reintroduced in House and Senate appeared first on NORML.

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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. With 97.7% of the U.S. Thirty-three states, Washington, D.C.

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Banking Marijuana Safety Policy 218

NORML

MARCH 8, 2022

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. The post Poll: Nearly 70 Percent of Americans Want Congress to Allow Licensed Cannabis Businesses Access to Banking Services appeared first on NORML.

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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.”

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Banking Legislation Access Policy 163

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. Furthermore, a total of 33 states have enacted policies to establish a regulated medical cannabis program.

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Banking Business Marijuana Policy 206

NORML

MAY 10, 2023

The post NORML Calls on Senators to Advance Cannabis Banking Legislation appeared first on NORML.

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Banking Legislation Business Cannabis 193

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. This situation is untenable.

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Banking Business Access Safety 189

NORML

APRIL 8, 2022

The post Poll: Majority of Americans Support Legalizing Marijuana, Expunging Past Convictions, and Allowing Banks to Work with Cannabis Businesses appeared first on NORML.

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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. ” (Read NORML’s full testimony here.).

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Banking Marijuana Legislation Access 191

NORML

JULY 15, 2022

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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Packaging Banking Cannabis Access 206

Americans for Safe Access

SEPTEMBER 26, 2019

“The potential benefits that patients stand to gain from passage of the SAFE Banking Act are significant. Broader, more robust cannabis reform is still urgently needed, but the Act’s passage through the House is an encouraging sign that we are on the right path.” This week cannabis legislation made history.

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Banking Patients History Legislation 219

NORML

MAY 26, 2023

The post NORML Op-Ed: Senate Must Act on Legislation Clarifying Cannabis Banking Rules for State-Licensed Businesses appeared first on NORML. Every day that Congress fails to act needlessly jeopardizes the livelihood of these small businesses and their consumers.

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Banking Legislation Business Cannabis 186

Connor & Connor PLLC

APRIL 9, 2025

Since cannabis remains federally illegal, many banks, who run on a risk-based assessment, refuse to do businesses with cannabis companies. and Guam having fully legal operating cannabis markets under their own laws, banks are put in an awkward position because of the inconsistencies between state and federal law.

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Banking Retail Dispensary Business 52

NORML

SEPTEMBER 21, 2021

NORML maintains that the NDAA is an appropriate vehicle for the SAFE banking provisions. According to the American Legion, nearly 1 in 4 veterans report consuming cannabis. The post NORML Sends Letter In Support Of The SAFE Banking Act Being Attached To The NDAA appeared first on NORML.

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Banking Policy Cannabis 184

Leafly

MAY 12, 2020

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. That's huge.

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Banking Cannabis 145

Illinois News Joint

MAY 8, 2025

The Office of the Illinois State Treasurer (Treasurer) this week issued a Request for Proposals (RFP) for banking services for cash processing of medical and recreational cannabis tax payments. The Contractor must be authorized to do business in Illinois as an Illinois bank or a national bank with a presence in Illinois.

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Banking Recreational Collective Cannabis 62

NORML

OCTOBER 24, 2022

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. to better compete in the industry.".

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Banking Legislation Business Cannabis 155

NORML

SEPTEMBER 25, 2019

Members of the House of Representatives voted 321 to 103 in favor, representing 79% of the vote of 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. But we are not done. In fact, we’re just getting started.

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Legislation Retail Banking Advocacy 273

Leafly

JUNE 27, 2022

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. It emphasizes small, minority-owned businesses.

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Banking Access Business Cannabis 134

MaxQ Cannabis

FEBRUARY 3, 2023

The SAFE Banking Act, also known as the Secure and Fair Enforcement Banking Act, is proposed legislation that aims to provide legal protection for financial institutions that work with cannabis-related businesses.

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Banking Legislation Business Legalization 131

Veriheal

APRIL 14, 2022

Banking has been a hurdle for cannabis businesses since the birth of the industry. Despite the fact that these businesses are state-legal, financial institutions have historically hesitated to work with them due to cannabis’ federally illegal status. A Long Road to Cannabis Banking Reform.

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Banking Business Cannabis Access 119

Veriheal

JANUARY 27, 2024

The recent surge in the cannabis industry has brought many eyes to witness its potential to grow the American economy. Every day, hundreds and thousands of people walk into cannabis dispensaries in legal states to purchase cannabis. These purchases have contributed to a large growth in the cannabis economy.

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Banking Dispensary Cannabis Business 114

Leafly

MARCH 25, 2022

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. It should change Sen. Cory Booker's mind too.

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Banking Cannabis 137

Leafly

MAY 2, 2022

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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Banking Legalization Cannabis 132

NORML

APRIL 19, 2021

Members of the House of Representatives voted today in favor of a stand-alone piece of legislation, The SAFE Banking Act, to remedy the ongoing inconsistencies between state and federal marijuana laws. The post US House Passes Bill To Normalize Adult-Use Cannabis Commerce appeared first on NORML.

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Banking Legislation Cannabis Law 246

Cannabis Law Report

AUGUST 5, 2021

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.

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Banking Compliance Compliance Law 111

NORML

APRIL 26, 2021

Just one week ago, the SAFE Banking Act passed once again in the U.S. Perlmutter: Let’s Make Legal Cannabis Work Better appeared first on NORML. House of Representatives with overwhelming, bipartisan support by a vote of 321 to 101, with every Democrat and the majority of Republicans voting in support. The post Rep.

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NORML

JUNE 15, 2020

John Bel Edwards has signed a series of bills into law greatly expanding patients ability to access medical cannabis products. ” Under the current law , doctors may only recommend medical cannabis products to those patients with a limited number of select conditions, such as HIV and cancer.

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Access Patients Law Therapy 307

NORML

APRIL 19, 2022

The post Tell the Senate: Support Keeping SAFE Banking in America COMPETES appeared first on NORML. It's 4/20 week, and you are probably being flooded with marijuana-related promotions, ads, and invitations, but please take a moment to read this message and take action to help us change federal marijuana law.

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Banking Marijuana Law Legislation 141

Cannabis Law Report

SEPTEMBER 8, 2021

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. This means that there can be difficulty with finding cannabis banking solutions for your business.

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Banking Business Cannabis Retail 103

NORML

MAY 13, 2022

A bipartisan group of 24 Senators stood up for public safety and for greater economic opportunities for legal cannabis businesses today by sending a letter to leadership in both chambers of Congress asking them to include cannabis banking reform language in broad legislation currently being debated in conference committee.

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Banking Packaging Legislation Safety 135

Cannabis Life Network

NOVEMBER 14, 2022

Legal cannabis banking in the United States is still an open question, even after the midterms. Cannabis legalization became a reality in two more states last week, with Maryland and Missouri joining the ranks as the newly legal states. Nearly half of Americans now live in a legal cannabis jurisdiction. And […].

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Cannabis Law Report

DECEMBER 2, 2021

The American Bankers Association and 51 state bankers associations today urged Senate leadership to include the SAFE Banking Act in the upcoming National Defense Authorization Act. Joint ABA SBA Letter to Senate SAFE Banking Act NDAA 12022021. ABA, State Associations Call for Inclusion of Cannabis Banking Bill in NDAA.

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Banking Safety Business Law 105

Cannabis Law Report

AUGUST 17, 2022

According to its sponsors and supporters, the Safe and Fair Enforcement (‘SAFE’) Banking Act would help address the challenges faced by small cannabis businesses that cannot currently access banking services or loans. Clarify that cannabis criminal records are not an automatic red flag. SSRN-id4188072.

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Banking Access Research and Development Compliance 98

Leafly

SEPTEMBER 30, 2024

Find the best autoflower seed banks of 2024. Leafly reviewed popular seed banks & chose top picks for different needs & budgets. The post Leafly’s top 5 autoflower seed banks of 2024 appeared first on Leafly.

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Banking Cannabis 98

Canna Law Blog

APRIL 28, 2025

Cannabis businesses are usually structured as limited liability companies (LLCs)and for good reason. Below, we look at a few critical reasons why cannabis LLCs shouldn’t operate without one. Below, we look at a few critical reasons why cannabis LLCs shouldn’t operate without one. But thats a major misstep.

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Banking State Laws Business Cannabis 77