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.

Banking 194

Banking Marijuana Topical Access 194

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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Banking Access Business Legislation 246

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.

Banking 131

Banking Legislation Business Legalization 131

Leafly

JULY 21, 2019

And not a bank in the nation will offer a small business loan. The post Banks Are Redlining the 99% Out of the Legal Cannabis Industry appeared first on Leafly. It can cost $2 million to open a licensed cannabis store.

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Banking Legalization Business Cannabis 111

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.

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Banking Legalization Cannabis Marijuana 93

Veriheal

JANUARY 27, 2024

Every day, hundreds and thousands of people walk into cannabis dispensaries in legal states to purchase cannabis. Many financial institutions seek to be a part of the cannabis banking movement. In the past year, 553 banks and 202 credit unions provided their services to cannabis-related businesses. However, change is coming.

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Banking Dispensary Cannabis Business 113

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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Banking Access Business Cannabis 134

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. Ed Perlmutter (D-Colo.)

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Banking Business Cannabis Access 118

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.

Banking 111

Banking Compliance Compliance Law 111

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.

Banking 136

Banking Packaging Legislation Safety 136

Leafly

MAY 16, 2022

The post SAFE Banking has ‘perfect opportunity’ to pass in Congress soon, says legalization leader appeared first on Leafly. Cash only' rules have led to armed robberies and murder. Now Congress has its best chance to pass desperately needed reform.

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Banking Legalization Cannabis 98

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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Banking Business Cannabis Retail 103

Leafly

SEPTEMBER 27, 2019

The bill, which the House passed 321–103 on Wednesday, is seen as a major win for banks, investors, and much of the legal cannabis industry. The post Cannabis Industry Optimistic on Banking Despite Murky Senate Prospects appeared first on Leafly. What's next?

Banking 104

Banking Cannabis Legalization 104

NORML

DECEMBER 23, 2019

Last Wednesday, he essentially demanded that in exchange for allowing the cannabis industry to access to basic banking services, that the federal government should impose a 2% THC cap on marijuana products and prohibit the retail sale of marijuana-infused edibles or e-liquid vapor extracts. Despite this reality, the Senate refuses to act.

Banking 227

Banking Marijuana Retail Safety 227

Cannabis Law Report

JANUARY 21, 2021

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

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Banking CBD Hemp Business 105

MJ Business Attorneys

MAY 31, 2019

The California Legislature passed Senate Bill 51 last week, allowing California state-chartered banks and credit unions to provide banking services for the states’ cannabis businesses. The Federal level SAFE banking Act was endorsed in a letter last week by all 50 State Banking Associations and the American Bankers Association.

Banking 100

Banking Business Cannabis Safety 100

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.

Banking 98

Banking Compliance Compliance Law 98

Leafly

FEBRUARY 13, 2019

After midterm elections that changed the cannabis equation in Congress, the US House is taking up a key issue: banking and other financial services for the new industry. The post In Congress, a Changed House Finally Looks at Cannabis Banking appeared first on Leafly.

Banking 111

Banking Cannabis Legalization Law 111

Leafly

JULY 23, 2019

The SAFE Banking Act won't pass until Senate banking chair Mike Crapo allows it. The post Courting Crapo: Today’s Senate Banking Hearing Was All for One Man appeared first on Leafly. So today's hearing was aimed at swaying his vote.

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Banking Legislation Legalization 108

Cannabis Law Report

AUGUST 17, 2022

Ohio State Legal Studies Research Paper No. 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.

Banking 98

Banking Access Research and Development Compliance 98

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.

Banking 105

Banking Safety Business Law 105

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.

Banking 95

Banking Legislation Access Business 95

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.

Banking 98

Banking Law Recreational Legalization 98

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.

Banking 94

Banking Marijuana Safety Legislation 94

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 95

Banking Marijuana Legislation Business 95

Cannabis Law Report

JUNE 4, 2021

These multi state operators (MSOs) need to take the specific requirements of each state into account in every aspect of their business, from product types offered to how they bank. What are some of the issues that impact an MSO’s ability to access banking? Why MSOs face unique banking challenges. What are multi-state operators?

Banking 87

Banking Supply Chain Dispensary Business 87

Leafly

DECEMBER 8, 2022

The post After a week of hope, the SAFE Banking Act dies again in the Senate appeared first on Leafly. Proponents' hopes were dashed once again, after GOP senators fought against including the measure in a defense budget bill.

Banking 111

Banking Legalization 111

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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Banking Access Business Marijuana 83

Veriheal

MAY 5, 2023

A study looked at the link between psychedelics and spirituality, Minnesota is closing in on recreational cannabis, and Montana is looking to make cannabis banking easy. Cannabis Bill Minnesota residents received some thrilling news this week as the state Senate passed a bill to legalize recreational cannabis.

Banking 98

Banking Research and Development Recreational Cannabis 98

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.

Banking 158

Banking Policy Business Safety 158

NORML

MAY 11, 2020

“NORML’s mission is to move public opinion sufficiently to legalize the responsible use of marijuana by adults, and to serve as an advocate for consumers to assure they have access to high quality marijuana that is safe, convenient and affordable.” Even during these uncertain times, NORML’s mission remains the same.

Advocacy 344

Advocacy Access Banking Retail 344

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. The NDAA is an annual congressional bill guiding policies and funding of federal military agencies.

Banking 81

Banking Policy Cannabis Marijuana 81

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.

Banking 84

Banking Compliance Compliance Business 84

NORML

MARCH 20, 2020

“Given the tremendous amount of uncertainty in the broader economy, the hundreds of thousands of American workers who are employed by the state-legal marijuana industry must be respected and protected by the emergency actions being taken by elected officials,” said NORML Political Director Justin Strekal.

Business 327

Business Legislation Access Policy 327

Cannabis Law Report

DECEMBER 7, 2021

A new version of a congressional defense bill does not include marijuana banking reform following negotiations between the House and Senate. Marijuana Moment reports. This latest iteration will now go through both chambers again before potentially being sent to the president’s desk.

Banking 104

Banking Business Legislation Cannabis 104

Cannabis Law Report

SEPTEMBER 9, 2021

oin cannabis financial and legal experts and industry thought leaders as they discuss the rapidly changing cannabis capital and finance landscape: Cory Parnell , CPA, Chief Operating Officer of Bridge West CPAs & Advisors. Key webinar takeaways include: Understanding the SAFE Banking Act and what it really means to your cannabis business.

Banking 93

Banking Sleep Business Events 93

NORML

AUGUST 30, 2019

A pair of senior economists affiliated with the Federal Reserve Bank of Philadelphia assessed the local effects of retail dispensaries on neighborhood crime in Denver, Colorado. The effect of marijuana legalization on neighborhood crime,” is online here. The abstract of the study, “Not in my backyard? Not so fast.

Retail 202

Retail Dispensary Banking Data 202