The Blunt Truth
SEPTEMBER 29, 2023
The big news this week is that, for the first time ever, a cannabis bill, the SAFER Banking Act, got a markup in the Senate. SAFER BANKING Although the SAFE Banking Act has passed multiple times in the House of Representatives, it’s never gotten out of committee in the Senate. Spoiler alert: the two don’t mix.
The Blunt Truth
SEPTEMBER 3, 2020
Assembly Bill 1525 allows cannabis banking under California state law. In other news, a federal court ruled that the state must turn over information concerning three marijuana businesses to the DEA. The DEA said it was necessary for an investigation into the illegal import and transport of marijuana oil from Mexico.
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The Blunt Truth
DECEMBER 26, 2019
In February, we saw the first ever Congressional hearing on cannabis banking. On the federal level, however, the SAFE Banking Act was approved by the House Financial Services Committee (45-15). On to July, when the Senate Banking Committee had a hearing on cannabanking. The Senate failed to take action on the banking bill.
Canna Law Blog
OCTOBER 10, 2022
Poll after poll reveals that support for the legalization and/or decriminalization of marijuana keeps increasing. This past April, Senate Majority Leader (for now) Chuck Schumer could not even garner enough support in his own party to advance a decriminalization bill. See also: Current and Future Cannabis Taxes. Reason 2: Politics.
The Blunt Truth
OCTOBER 22, 2019
As several states and foreign countries have enacted laws decriminalizing or legalizing marijuana for medicinal or recreational use, a fresh rush of reefer madness has overtaken the business world. 1200 , The SAFE Banking Act, awaits a vote. The legal cannabis business is spreading like weeds. 4390 and S.
Cannabis Law Report
OCTOBER 22, 2019
As several states and foreign countries have enacted laws decriminalizing or legalizing marijuana for medicinal or recreational use, a fresh rush of reefer madness has overtaken the business world. 1200 , The SAFE Banking Act, awaits a vote. By Angelo A. Paparelli on October 22, 2019. 4390 and S.
Veriheal
FEBRUARY 21, 2022
Empyreal operates in 28 states, acting as a cash courier for cannabis businesses and their banks. It specifically argues that the FBI and the DEA violated federal law prohibiting the states from spending government money to interfere with legal, medical cannabis businesses in states where medical cannabis dispensaries are legal.
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