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 191

Canna Law Blog

NOVEMBER 16, 2023

We are helping build out another cannabis banking program here in Oregon. We have also handled a good bit of hemp banking work – mostly in 2019 and 2020 before that industry cratered. That’s banking. Cannabis dispensaries, cultivators, processors and testing facilities all fall under this definition.

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NORML

SEPTEMBER 20, 2019

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.

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Dykema (Cannabis Law Blog)

SEPTEMBER 21, 2023

As readers of this blog and the cannabis industry are aware, the conflict between state and federal law on the issue of cannabis is a constant source of tension, struggle, and frustration for the cannabis industry, their employees, and those who provide services to the industry.

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NORML

MARCH 23, 2021

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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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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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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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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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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Cannabis Life Network

SEPTEMBER 28, 2023

The SAFER Banking Act has passed a critical Senate Committee hearing with a vote of 14-9. The renamed bipartisan bill would allow banks to work with cannabis businesses without penalties from the federal government. cannabis industry has long been waiting for SAFER Banking to pass the Senate.

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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 211

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

MAY 12, 2020

Included in the language of the bill is 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. Reform advocates , including NORML, had lobbied leadership to include banking reform in the latest COVID relief measure.

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Packaging Banking Business Legislation 282

Cannabis Life Network

FEBRUARY 14, 2023

The cannabis industry is suing Canadian banks. Canada’s legal cannabis industry has launched a class-action lawsuit against Canada’s large cartel of banks. They allege the banks have discriminated against them by arbitrarily closing accounts and denying services and access to credit.

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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

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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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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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 189

Cannabis Life Network

DECEMBER 7, 2022

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. The NDAA is an annual congressional bill guiding policies and funding of federal military agencies.

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Banking Policy Cannabis Marijuana 81

Cannabis Law Report

JANUARY 21, 2021

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

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Cannabis Life Network

MAY 22, 2023

Will banks kill the cannabis industry to save themselves? Is this another sign of the cannabis recession in 2023? The American central bank secretly bailed out Canadian banks in the 2008-09 recession. Cannabis Recession 2023) appeared first on Cannabis | Weed | Marijuana | News. Federal Reserve.

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Banking Cannabis Marijuana THC 68

Cannabis Life Network

MARCH 14, 2023

What is the relationship between Silicon Valley Bank (SVB) – the largest U.S. bank failure since 2008 – and the cannabis industry? have any cannabis companies as significant clients. cannabis banking remains elusive. That said, the cannabis industry will feel SVB’s collapse. Here’s how.

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Banking Cannabis Marijuana THC 65

Canna Law Blog

SEPTEMBER 12, 2023

Major banks like JPMorgan Chase and Wells Fargo, as well as landlords such as BentallGreenOak and Ashkenazy Acquisition Corp., have found themselves indirectly involved with New York City’s unlicensed cannabis dispensaries, potentially exposing them to legal issues. Signature Bank, Bank of America Corp.,

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Banking Dispensary Retail Recreational 71

Canna Law Blog

SEPTEMBER 18, 2023

I’m pretty sure that more ink has been spilled on the Secure and Fair Enforcement Act (“SAFE Banking”), than any other proposed cannabis law. Specifically, SAFE Banking was introduced in 2017 and it passed the House seven times (seven times!) SAFE Banking will finally go to mark-up this week in the Senate Banking Committee.

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Banking Access Business Compliance 81

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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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 Access Business Safety 180

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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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

Veriheal

MAY 5, 2023

A study looked at the link between psychedelics and spirituality, Minnesota is closing in on recreational cannabis, and Montana is looking to make cannabis banking easy. Cannabis Bill Minnesota residents received some thrilling news this week as the state Senate passed a bill to legalize recreational cannabis.

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Banking Research and Development Recreational Cannabis 98

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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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

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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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 Access Legislation 191

Canna Law Blog

FEBRUARY 28, 2022

Guidance on banking and MRBs. I’ve written that in cannabis years, the FinCen Memo is as old as dirt and reads like a relic of a bygone era. Department of Justice on “Marijuana Related Financial Crimes” was rescinded in 2018 , the FinCen Memo has been the only game in town for federal banking guidance. Allow me to explain.

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Banking Business Marijuana Hydroponic 98

Cannabis Law Report

SEPTEMBER 28, 2021

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. Says the headline. Here’s the full press release.

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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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Cannabis Law Report

MAY 12, 2023

Senate Committee Holds Marijuana Banking Hearing Reports also from CNBC [link] Cannabis Business Times [link] MJ Biz Cannabis groups pleased with SAFE Banking hearing as senators push for expungement [link] Proactive Investor Cannabis stocks tumble after SAFE Banking Act discussed in Senate hearing [link] […]

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Banking Cannabis Business Marijuana 52