NORML

MARCH 18, 2021

The Secure and Fair Enforcement (SAFE) Banking Act has been reintroduced in the House of Representatives by Representatives Ed Perlmutter (D-CO), Steve Stivers (R-OH), Nydia Velazquez (D-NY), and Warren Davidson (R-OH). The post House Reintroduces SAFE Banking Act To Normalize Cannabis Commerce appeared first on NORML.

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NORML

NOVEMBER 13, 2024

The post Incoming Senate Majority Leader Has Long History of Opposing Marijuana Policy Reforms appeared first on NORML. Senator Thune received an “F” grade from NORML in its 2024 voter guide.

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NORML

SEPTEMBER 28, 2020

The latest COVID stimulus package proposed by House leadership maintains provisions permitting licensed cannabis businesses… The post Democrats’ Latest COVID Relief Package Includes Marijuana Banking Provisions appeared first on NORML.

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Packaging Banking Marijuana Business 246

NORML

DECEMBER 7, 2021

The post SAFE Banking Language Not Included In Final NDAA Package appeared first on NORML. It is unfortunate that Congress chose to not affirm the legitimacy of state-level marijuana legalization and instead chose to deny this emerging legal industry access to basic financial tools and services.

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Packaging Banking Access Legalization 242

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 Legislation Access 193

NORML

SEPTEMBER 23, 2021

NORML Supports Swift Enactment; Stresses Need for Further Federal Reforms Washington, DC: The NDAA funding… The post House Advances SAFE Banking Act as Part of the Must-Pass NDAA appeared first on NORML.

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NORML

DECEMBER 20, 2022

"Democrats' failure and the GOP's continued resistance to any progress is out of step with voters’ opinion, is bad politics, and most importantly, it is bad public policy.". The post No Further Movement Expected on SAFE Banking, Other Marijuana Reforms in 117th Congress appeared first on NORML.

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Banking Marijuana Policy 202

NORML

FEBRUARY 14, 2019

The House Financial Services subcommittee on Consumer Protection and Financial Institutions held a hearing Wednesday to address the lack of access to basic banking services by state-legal marijuana businesses. You can share the op-ed on Facebook by clicking here and on Twitter by clicking here.

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Banking Marijuana Topical Access 200

NORML

APRIL 1, 2020

. “In this era of tremendous uncertainty, it is crucial that policymakers use every tool in their toolkit to promote public health and safety.

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NORML

SEPTEMBER 21, 2021

NORML maintains that the NDAA is an appropriate vehicle for the SAFE banking provisions. The post NORML Sends Letter In Support Of The SAFE Banking Act Being Attached To The NDAA appeared first on NORML. According to the American Legion, nearly 1 in 4 veterans report consuming cannabis.

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Banking Policy Cannabis 216

NORML

APRIL 12, 2023

Highlights include: AR, CA, CO, ME, MD, MO, NH, PA, SC, and TX The post State Policy Weekly Update 4/12/2023 appeared first on NORML.

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Policy Access Consumption Banking 209

NORML

SEPTEMBER 25, 2019

Members of the House of Representatives voted 321 to 103 in favor, representing 79% of the vote of 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. Now we look to the Senate, where we are cautiously optimistic.

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Legislation Retail Banking Advocacy 279

MassRoots

JULY 30, 2020

In addition to the dramatic cuts to the weekly enhancements of state unemployment benefits and safety net programs proposed in the House’s version (The HEROES Act), the Senate’s package does not include language that would protect banks who service the legal cannabis industry. SAFE Banking Act. The Future of the SAFE Banking Act.

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Banking Legislation Marijuana Packaging 116

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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Banking Marijuana Safety Legislation 109

Cannabis Law Report

AUGUST 17, 2022

Drug Enforcement and Policy Center, August, 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. Ohio State Legal Studies Research Paper No.

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Banking Access Research and Development Compliance 98

NORML

MAY 11, 2020

It is more important than ever that essential cannabis retailers have equal access to banking and small business financial assistance. Given this new reality, how do activists effectively make their voices heard and continue to advocate for substantive changes in cannabis policies? Here’s how.

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Advocacy Access Banking Retail 358

NORML

FEBRUARY 27, 2019

As the tentacles of the federal policy of cannabis prohibition run deep into nearly every sector of American public policy, a new voice emerged to call for clarity regarding state-legal cannabis marketplaces: Federal Reserve Chair Jerome Powell. Cannabis businesses ought to be held to the same standards as other commercial enterprises.

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Banking Policy Business Safety 159

Canna Law Blog

JULY 22, 2019

Tomorrow, a Republican-controlled Senate Banking Committee hearing will examine cannabis businesses’ lack of access to banking services to further consider the SAFE Banking Act. CUNA President and CEO, Jim Nussle, already commented: At its heart, cannabis banking is a public safety issue. It’s an $8.3

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Banking Legislation Safety Access 106

MaxQ Cannabis

MAY 6, 2025

The new administration’s approach to Cannabis policy presents a complex landscape for the U.S. Federal Rescheduling and Banking Access The new administration has expressed support for reclassifying Cannabis from a Schedule I to a Schedule III substance under the Controlled Substances Act.

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Banking Policy Access Cannabis 66

NORML

MARCH 20, 2020

That is why these businesses continue to face undue discrimination under federal law, including the lack of access to banking services and a prohibition of standard business tax deductions. In short, federal anti-drug laws continue to define the state-authorized cannabis industry, and those who work in it, as drug felons.

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Business Legislation Access Policy 348

Cannabis Chronicles

FEBRUARY 4, 2019

Much the way banks are unwilling to finance cannabis startups, television networks and online advertising marketplaces are understandably cautious because the Feds still classify marijuana as a Schedule 1 drug alongside heroin and ecstasy. Facebook, which like Google prohibits marijuana ads, has kicked some weed sellers off Instagram.

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Policy Media Vaping Edibles 154

NORML

APRIL 26, 2021

Just one week ago, the SAFE Banking Act passed once again in the U.S. House of Representatives with overwhelming, bipartisan support by a vote of 321 to 101, with every Democrat and the majority of Republicans voting in support.

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Canna Law Blog

FEBRUARY 27, 2019

Six years after it was initially introduced, the House Financial Services Committee released the latest draft legislation that would create a “safe harbor” for banks to serve the rapidly expanding cannabis industry on February 7, 2019.

Banking 107

Banking Marijuana Legislation Business 107

Cannabis Life Network

DECEMBER 7, 2022

United States Congress has declined to include cannabis banking in the NDAA (National Defense Authorization Act). The NDAA is an annual congressional bill guiding policies and funding of federal military agencies. The post Cannabis Banking Left out of NDAA appeared first on Cannabis | Weed | Marijuana | News.

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Banking Policy Cannabis Marijuana 81

Canna Law Blog

DECEMBER 24, 2019

Our firm represents a number of financial institutions and even a federal agency on banking state-legal cannabis. The number one question we have received lately is: “do you know a bank or credit union that will bank my hemp-CBD business?” And here’s why.

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Banking Hemp CBD Cultivation 95

Canna Law Blog

JANUARY 16, 2019

We represent a handful of banks (and a larger handful of credit unions), and we give those outfits advice on banking hemp and marijuana. A few of these clients are relatively nimble and bold, but at the end of the day they are still banks. We are optimistic that the hemp industry will have ample banking options.

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Banking Hemp Environment Access 86

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? Compare 5 cannabis-friendly banks and credit unions.

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Banking Compliance Compliance Business 84

Canna Law Blog

SEPTEMBER 21, 2019

Things are looking better and better for expanded cannabis banking prospects. As we’ve discussed on the blog previously , the SAFE Banking Act would allow financial institutions to serve state-legal marijuana businesses without fear of federal repercussions. To date, the bill had yet to be voted out of the Senate Banking Committee.

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Banking Legislation Safety Compliance 89

Canna Law Blog

DECEMBER 5, 2019

The tides have been rapidly changing for hemp companies to gain access to banking, which has not traditionally been available to hemp companies due to the fact that hemp was (sort of) federally illegal until about a year ago. That has made it very difficult for many hemp and hemp-derived CBD (“Hemp-CBD”) businesses to access bank accounts.

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Banking Hemp Compliance Compliance 88

Canna Law Blog

APRIL 6, 2019

Unfortunately still the position for most banks and hemp. Shortly after the 2018 Farm Bill passed, legalizing industrial hemp, we predicted that banking services for hemp businesses would be slow going. Although some of our hemp clients are banked (and even have crop insurance) many others are still underserved. Senators, Sen.

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Banking Hemp Access Business 96

Canna Law Blog

APRIL 14, 2019

The SAFE Banking Act just got a new, prominent supporter – on April 9, 2019, Treasury Secretary Steven Mnuchin pledged to take a look at the legislation that would allow financial institutions to service cannabis businesses. As we’ve previously written about, there have been several calls for clarity on this banking issue.

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Banking Legislation State Laws Business 89

Canna Law Blog

MARCH 17, 2019

Great news: on March 7, 2019, the “ Secure and Fair Enforcement Banking Act of 2019 ” (or, the “SAFE Banking Act”) was officially introduced in the House of Representatives. In case you need a refresher, the SAFE Banking Act needs to pass the House by a simple majority (218 of 435) to reach the Senate. Stay tuned.

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Banking Marijuana Safety Business 85

Canna Law Blog

APRIL 1, 2019

After its introduction on Tuesday, March 26, 2019, the House Financial Services Committee has voted 45-15 to advance the SAFE Banking Act of 2019 to the House floor on a to-be-determined date. Currently, the Safe Banking Act has 152 cosponsors, including 12 Republicans, which is more than one-third of the entire House of Representatives.

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Banking Marijuana Legislation Business 77

NORML

MARCH 14, 2019

and playing a leading role in drafting policy agendas to ensure participation of people of color in the cannabis industry. Please make a donation which will help defray costs of sending us to this important high-level policy discussion and workshop. Chicago NORML is very excited to participate in the summit this year.

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Banking Policy Topical Legislation 167

Veriheal

MAY 16, 2025

According to Beau Kilmer, a cannabis market authority from the Rand Drug Policy Research Center, in an interview with NPR , When you move from prohibition to legalization, it takes time [to lower prices]. Oversight and Insurance Access to banking isnt the only thing affecting cannabis business profits.

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Supply Chain Compliance Compliance Dispensary 83

NORML

OCTOBER 15, 2019

4) US relations – border & banking. Removal of any unnecessary international banking/travel barriers for legal business and cannabis entrepreneurs. Putting in place protective regulations that remove stigma barriers and consequences for consumers in the workplace, housing, and family.

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Legalization Advocacy Banking Access 205

NORML

AUGUST 4, 2020

Some opponents of marijuana policy reform have manipulated the Speaker’s comments to imply that she was opining that cannabis therapy has been proven specifically to be successful for the treatment of COVID-19. The post McConnell Misleads on Marijuana appeared first on NORML.

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