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

MARCH 23, 2021

Senators Jeff Merkley (D-OR) and Steve Daines (R-MT), along with 27 other members of the… The post Senators Reintroduce SAFE Banking Act To Normalize Cannabis Commerce appeared first on NORML.

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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

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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NORML

MARCH 8, 2022

Sixty-eight percent of Americans say that Congress should pass legislation so that marijuana businesses can "access banking services and products in states" where it is legal. The post Poll: Nearly 70 Percent of Americans Want Congress to Allow Licensed Cannabis Businesses Access to Banking Services appeared first on NORML.

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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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NORML

SEPTEMBER 6, 2022

“Americans understand that no industry can operate safely, transparently, or effectively without access to banks or other financial institutions and it is self-evident that this industry, and those consumers that are served by it, remain severely hampered without this access.".

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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

APRIL 8, 2022

The post Poll: Majority of Americans Support Legalizing Marijuana, Expunging Past Convictions, and Allowing Banks to Work with Cannabis Businesses appeared first on NORML.

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NORML

MAY 10, 2023

The post NORML Calls on Senators to Advance Cannabis Banking Legislation appeared first on NORML.

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Banking Legislation Business Cannabis 181

Project CBD

FEBRUARY 2, 2022

“If the hemp market is to grow and mature, we need to think beyond cannabinoids.”

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NORML

JUNE 23, 2022

If there is a legislative version of the Twilight Zone, the SAFE Banking Act seems to be stuck in it at this point.". The post SAFE Banking Omitted from Scaled Back Version of America COMPETES Act appeared first on NORML.

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NORML

FEBRUARY 4, 2022

This vote marks the sixth time that members of the House have advanced SAFE Banking to the Upper Chamber either as an amendment or as a stand-alone piece of legislation. The post House Advances SAFE Banking Act as Part of the America COMPETES Act appeared first on NORML.

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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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NORML

JULY 15, 2022

The post House Members Once Again Advance SAFE Banking Reform in Must-Pass NDAA Package, Include Cannabis Protections for Veterans appeared first on NORML. The vote marks the seventh time that House members have advanced this language to the Senate as either an amendment or as a stand-alone bill.

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NORML

MAY 26, 2023

The post NORML Op-Ed: Senate Must Act on Legislation Clarifying Cannabis Banking Rules for State-Licensed Businesses appeared first on NORML. Every day that Congress fails to act needlessly jeopardizes the livelihood of these small businesses and their consumers.

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Banking Legislation Business Cannabis 174

Leafly

MAY 12, 2020

The SAFE Banking Act has been folded into the latest coronavirus relief measure. The post Cannabis banking reform included in latest Congressional COVID relief bill appeared first on Leafly. That's huge.

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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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Banking Legislation Business Legalization 131

NORML

OCTOBER 24, 2022

The NAACP resolution states: “The SAFE Banking Act could enable cannabis businesses with social equity licenses. The post NAACP Calls for the “Immediate Passage” of SAFE Banking Legislation appeared first on NORML. to better compete in the industry.".

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Banking Legislation Business Cannabis 145

Leafly

MARCH 25, 2022

The murder of Jordan Brown has forced me to change my opposition to the SAFE Banking Act. The post Murder changed my mind: Pass the SAFE Banking Act now appeared first on Leafly. It should change Sen. Cory Booker's mind too.

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Leafly

JUNE 27, 2022

The new CLIMB Act would help cannabis businesses access banking services, and list on the stock exchange. The post Meet the CLIMB Act, a new bipartisan cannabis banking bill appeared first on Leafly. It emphasizes small, minority-owned businesses.

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Leafly

FEBRUARY 28, 2023

We took a look at site data from the last year to determine where Leafly readers were searching for top seed banks. The post Top seed banks visited on Leafly in 2022 appeared first on Leafly.

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Leafly

MAY 8, 2023

The post Interview: Will SAFE Banking make it through the Senate? Listen to our expert break it down on NPR. appeared first on Leafly.

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Banking 136

Veriheal

JANUARY 27, 2024

Many financial institutions seek to be a part of the cannabis banking movement. According to quarterly data presented by the US Treasury Department, over 800 banks and credit unions have filed paperwork with the United States government to state their relations with cannabis businesses. This marks a significant increase from last year.

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Americans for Safe Access

SEPTEMBER 26, 2019

“The potential benefits that patients stand to gain from passage of the SAFE Banking Act are significant. Americans for Safe Access is proud to have supported this historic bill since its introduction and reiterates its call for swift passage in the Senate.

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NORML

APRIL 19, 2022

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

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Banking Marijuana Law Legislation 138

Veriheal

APRIL 14, 2022

Banking has been a hurdle for cannabis businesses since the birth of the industry. While the federal SAFE Banking Act —which seeks to provide banking protections for cannabis businesses—continues to hit road bump after road bump in the U.S. The Cole Memo, however, did not require banks to serve cannabis-related companies.

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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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NORML

MAY 13, 2022

A bipartisan group of 24 Senators stood up for public safety and for greater economic opportunities for legal cannabis businesses today by sending a letter to leadership in both chambers of Congress asking them to include cannabis banking reform language in broad legislation currently being debated in conference 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. This means that there can be difficulty with finding cannabis banking solutions for your business.

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Cannabis Law Report

JANUARY 21, 2021

The world of banking Cannabidiol (CBD) businesses is a chaotic one. The post CBD Banking: Three Trends and Predictions for 2021 first appeared on Cannabis Law Report. Despite the legalization of hemp and hemp-derived products under… Read More.

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NORML

APRIL 19, 2021

Members of the House of Representatives voted today in favor of a stand-alone piece of legislation, The SAFE Banking Act, to remedy the ongoing inconsistencies between state and federal marijuana laws. The post US House Passes Bill To Normalize Adult-Use Cannabis Commerce appeared first on NORML.

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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.

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Dykema (Cannabis Law Blog)

SEPTEMBER 21, 2023

For the last several years, it has appeared time and again that we might finally be on the precipice of cannabis reform, as the SAFE Banking Act has previously passed the House of Representatives on seven separate occasions on a bipartisan basis. However, all of those previous efforts stalled out and died in the Senate.

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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. The post Legal Cannabis Banking in the US appeared first on Cannabis | Weed | Marijuana | News. Cannabis legalization became a reality in two more states last week, with Maryland and Missouri joining the ranks as the newly legal states.

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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. Date Written: August 11, 2022. Clarify that cannabis criminal records are not an automatic red flag.

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Cannabis Law Report

DECEMBER 2, 2021

The American Bankers Association and 51 state bankers associations today urged Senate leadership to include the SAFE Banking Act in the upcoming National Defense Authorization Act. Joint ABA SBA Letter to Senate SAFE Banking Act NDAA 12022021. ABA, State Associations Call for Inclusion of Cannabis Banking Bill in NDAA.

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