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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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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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. In the majority of states, these cannabis businesses have been deemed essential during this pandemic.

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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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Canna Law Blog

FEBRUARY 28, 2022

businesses are marijuana related businesses (MRBs). 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. But banks don’t really use that. These businesses are lower risk for banks than Tier I. Allow me to explain. That’s wrong.

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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.

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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. Often, the NDAA is used to undermine the principles the United States was founded on.

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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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Canna Law Blog

AUGUST 17, 2023

Oregon’s governor recently vetoed an effort to create a state bank for marijuana businesses, in another blow to the struggling industry. The lack of consistent, equitable access to banking has been recurring issue for Oregon marijuana businesses and those in other states.

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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 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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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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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. Overcoming banking challenges in the cannabis industry.

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Cannabis Law Report

AUGUST 17, 2022

Ohio State Legal Studies Research Paper No. 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. Ohio State Legal Studies Research Paper No.

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Banking Access Research and Development Compliance 98

Veriheal

DECEMBER 22, 2023

Delegates at the 114th NAACP National Convention unanimously voted to adopt an amendment reiterating its support for cannabis reform. The new amendment also emphasizes teaming up with labor unions to secure protections for cannabis industry employees. In past years, the NAACP endorsed various measures aimed at decriminalizing cannabis.

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Cannabis Law Report

APRIL 27, 2023

SENATOR’S SAFE BANKING ACT WOULD ALLOW LEGAL CANNABIS BUSINESSES TO ACCESS BANKING SERVICES SUCH AS LINES OF CREDIT, SAVINGS AND CHECKING ACCOUNTS U.S.

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Canna Law Blog

DECEMBER 6, 2022

As we blogged about last week, the SAFE Banking Act is trying to claw its way back from the dead during this lame duck session of Congress. Interestingly, on December 2, Punchbowl News reported that the Department of Justice (DOJ) issued a memo outlining its “issues” with the SAFE Banking Act. Section 280E.

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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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Canna Law Blog

MARCH 13, 2023

The Safe Banking Act , also known as the Secure and Fair Enforcement Banking Act (SAFE Banking Act), is sorely needed legislation to address the critical issue of financial services being denied to marijuana businesses that operate in the state-legalized industries. What is the SAFE Banking Act?

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PrestoDoctor

AUGUST 1, 2022

Marijuana banking options are limited for many entrepreneurs despite the fact that several thirty-six states legalize medical marijuana use. While recreational use is allowed in some states, there is still an uphill battle for other states that only have medical marijuana clearance. Marijuana Banking Bill.

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NORML

OCTOBER 15, 2019

NORML Canada launches official Post-Legalization platform to focus advocacy efforts on reforming Canada’s legal Cannabis system. 2) Transitioning “Unregulated Market” into the legal framework. 4) US relations – border & banking. 1) Increased Access. 3) Social discrimination protections.

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The Fresh Toast

JUNE 26, 2023

Exclusive: #3 In Senate Talks About Safe Banking Patty Murray, the number 3 in the Senate, shared her view on Safe Banking and the marijuana industry. The post Exclusive: #3 In Senate Talks About Safe Banking appeared first on The Fresh Toast.

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Cannabis Law Report

NOVEMBER 19, 2022

Bryant Gordon Harris Beach PLLC On the heels of two more states legalizing adult use of marijuana, Congress seems closer to passing a law allowing banks to service cannabis-related businesses without federal reprisal. Maryland and Missouri voters approved legalization on Tuesday. However, providing […].

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Cannabis Life Network

DECEMBER 22, 2022

Proponents weren’t aiming for a hat trick, but that’s precisely what they got when the SAFE Banking Act failed a third time in the US Senate. The SAFE Banking Act is legislation that aims to provide a framework for regulating financial institutions serving the cannabis industry.

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Medical Marijuana Program Connection

JANUARY 20, 2024

The Michigan Chamber of Commerce said Thursday that a rash of recent break-ins at legal marijuana retailers in the state underscores the need for federal cannabis banking reform, which the group says would reduce the risks of theft and fraud that stem from the industry’s current reliance on cash. Read More

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WeedAdvisor

MAY 22, 2019

Banking and the cannabis industry have a somewhat hands-off relationship. Despite the lucrative nature of the budding marijuana market in the U.S., banks are skittish about doing business with dispensaries in legal states. With cannabis still being illegal on a federal level, financial institutions fear reprisals.

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Cannabis Law Report

APRIL 14, 2021

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

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NORML

DECEMBER 23, 2019

The holiday season means many things to many people, but for Senator Mike Crapo (R-ID), it means walking back commitments to moving cannabis reform forward and turning into the Marijuana Grinch. Tell Senator Crapo that a 2% THC cap is unacceptable and that banking reform can’t wait. “Wait, what?!”

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Cannabis Law Report

JULY 1, 2021

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? Finder.com write.

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Cannabis Law Report

DECEMBER 7, 2021

Marijuana Moment reports. A new version of a congressional defense bill does not include marijuana banking reform following negotiations between the House and Senate. This latest iteration will now go through both chambers again before potentially being sent to the president’s desk.

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Cannabis Law Report

JUNE 30, 2022

Marijuana Moment. A Pennsylvania Senate committee on Tuesday approved a bill that would provide protections for medical marijuana patients against facing DUI charges unless they are actively impaired behind the wheel. Pennsylvania Lawmakers Advance Medical Marijuana DUI Protections And Cannabis Banking Reform Bills.

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Veriheal

OCTOBER 30, 2023

In 2018, the leaders of 19 Caribbean nations decided that they would “review marijuana’s current status with a view to reclassification” The leaders emphasized the importance of these cannabis legalization bills as a tool for social justice and economic gain.

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Canna Law Blog

MAY 26, 2019

Looks like marijuana banking is stuck, again. The banking associations from all 50 states and 1 U.S. territory sent a joint letter to leaders of the Senate Banking Committee on Monday, to urge advancement of bipartisan legislation that would protect financial institutions that service marijuana businesses.

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Cannabis Law Report

JUNE 6, 2022

Marijuana Moment reports. adopted a resolution imploring Congress to pass a bill to safeguard banks that work with state-legal marijuana businesses from federal penalties. Last year, the organization adopted a separate measure calling for an end federal cannabis prohibition and promoting social equity in the industry.

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Cannabis Law Report

AUGUST 20, 2022

CRCC’s paper, published by the Ohio State University (OSU) Moritz College of Law, is titled “Not a SAFE Bet: Equitable Access to Cannabis Banking, An Analysis of the SAFE Banking Act.”. Ohio State Legal Studies Research Paper No. Alcoholic Beverage Control Board and Treasurer, Cannabis Regulators of Color Coalition.

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Cannabis Life Network

NOVEMBER 25, 2022

When you’ve got a cannabis credit union in your corner, nothing seems impossible. Despite Canadian cannabis legalization, banking for cannabis producers and operators is still a struggle. The post Canada’s Cannabis Credit Union appeared first on Cannabis | Weed | Marijuana | News.

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