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 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

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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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

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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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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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

APRIL 19, 2022

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. The post Tell the Senate: Support Keeping SAFE Banking in America COMPETES appeared first on NORML.

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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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Banking Policy Cannabis Marijuana 81

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

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.

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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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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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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

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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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 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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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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Medical Marijuana Program Connection

JANUARY 20, 2024

Despite rapidly growing interest in the medical cannabis industry, the head of the industry’s regulator has identified banking obstacles at the top of several challenges hampering investment.

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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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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

FEBRUARY 4, 2021

Marijuana seeds have a complicated relationship with the law. Finding reliable seed banks that ship to the USA can be… Read More. The post The 5 Best Seed Banks in 2020: Top Cannabis Seed Banks that Ship to USA (How to Buy Marijuana Seeds Online) first appeared on Cannabis Law Report.

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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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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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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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Banking Law Marijuana Compliance 52

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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Cannabis Law Report

DECEMBER 18, 2020

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.

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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. How to find one.

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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. More than twenty (20) states now have legalized marijuana in some form. However, providing […].

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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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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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SpeedWeed

AUGUST 13, 2021

Cannabis CEOs signal confidence on marijuana banking law passing – Cannabis Business Executive – Cannabis and Marijuana industry news. skip to Main Content. View original article.

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Cannabis Law Report

MAY 12, 2023

Marijuana Moment, as always, have the most detailed report U.S.

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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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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

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.”. Distinguished Cannabis Policy Practitioner in Residence, Drug Enforcement and Policy Center, Moritz College of Law, The Ohio State University.

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