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Credit Union Assocations Push Congress To Pass Cannabis Banking Reform

Veriheal

A group of associations representing American credit unions recently submitted a letter to Congress urging members to pass critical cannabis banking reform legislation. Because of cannabis’ status as a Schedule I—aka federally illegal—substance, many banks and credit unions avoid hosting accounts for cannabis-related businesses.

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SAFE BANKING ACT INCLUDED IN LATEST COVID-19 RELIEF BILL

Cannabis Law Report

The SAFE Banking Act is perhaps the most important piece of federal marijuana legislation outside of bills for full legalization or decriminalization. It has also … Read More.

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The Week in Weed: July 22, 2022

The Blunt Truth

SAFE Banking made it into the NDAA, but will it stay there? We heard discussion of bills to decriminalize cannabis and release prisoners. safe banking. The SAFE Banking Act passed the House of Representatives yet again. decriminalization. Most of the news this week concerns Congressional action.

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The Week in Weed: September 29, 2023

The Blunt Truth

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.

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The Week in Weed: May 29, 2020

The Blunt Truth

Virginia decriminalized marijuana. In federal news, the marijuana banking provisions in the latest relief bill may not be dead on arrival. Regular readers will recall that we reported last month on Virginia decriminalization. The news is mostly happening in the states this week. Oklahoma is having some medical marijuana issues.

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The Week in Weed: March 13, 2020

The Blunt Truth

As for banking, banking associations around the country sent a letter to Sen. Sherrod Brown (D-OH), asking that the Senate Banking Committee vote on a cannabis banking bill. Virginia passed legislation decriminalizing cannabis, and the governor is expected to sign the bill. Mike Crapo (R-ID) and Sen.

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Weekly Legislative Roundup 1/18/20

NORML

At the state level, a new decriminalization law took effect this week in Hawaii involving the possession of up to three grams of marijuana, as well as a procedure for expungement of past convictions for the same amount. Legislation is pending, A1897, to decriminalize the possession of small amounts of marijuana. NJ resident?