Democrats in the House of Representatives on Monday unveiled a new bill to address the ongoing economic impact of the COVID-19 pandemic. The bill, a pared-down version of the HEROES Act passed by the body earlier this year, continues support for cannabis banking provisions as it seeks to provide relief…
Twelve members of the U.S. House of Representatives, including two from Colorado, are publicly pushing back against a federal bill that would give legal cannabis businesses access to banking services. Craig F. Walker , The Denver PostU.S. Rep. Ken Buck in 2014 (Denver Post file) In a Feb. 13 letter…
With federal banking still out of reach, Gov. Jared Polis unveiled new strategies Monday to entice Colorado banks, credit unions and money transmitters to work with cannabis companies and become leaders in providing financial services to marijuana and hemp businesses. Polis’s plan renews the state’s commitment to creating a regulatory…
U.S. Rep. Ed Perlmutter and three other congressmen who’ve been pushing to give cannabis businesses access to banking services expressed hope Tuesday their bill would move through the Senate soon. In a letter sent to Mike Crapo, chairman of the Senate Committee on Banking, Housing and Urban Affairs, the Arvada…
Why does SAM hate Freedom so much? Last year I made a prediction that cannabis won’t be legalized in the US until 2021. I know it’s still a bit too early to tell, but I’m almost certain that my prediction will come true. Upon that time, you are permitted to…
What a Mitch!! Safe Banking Act Passes in the House 321 to 103 Leaving Sen. McConnell in Tough Spot What will Mitch McConnell do now that the Safe Banking Act has bi-partisan support? The great news yesterday in the cannabis world is that the Safe Banking Act passed by a surprising…
All 50 State Banking Associations Call on Congress to Provide Cannabis Banking Services It’s already 2019, but cannabis companies are still struggling with a very basic business need: proper banking services. There are thousands of marijuana businesses launching in cannabis-friendly states every month, providing customers with cannabis for both recreational…
SAFE Banking Bill Officially The First Major Cannabis Legislation To Pass Cannabis Businesses May Soon Finally Enjoy Greater Banking Access The Green Rush could go to a new level as billions in new capital will have legal access to investing and growing the cannabis market worldwide. For the first time…
Marijuana businesses in Colorado and across the country are anxiously awaiting a move by Sen. Cory Gardner, R-Colorado, next week that could completely transform the way they do business. Gardner plans to introduce an amendment Monday that, if passed, would let cannabis businesses open bank accounts in states where they’re…
Better Banking And Pot On Delivery: What Canadians Can Expect On October 17 Recreational cannabis use will be legal throughout Canada come October 17. Experts foresee a lot of exciting, positive changes to accompany legalization which will be drastically different from how the 9 US states implemented adult-use cannabis sales…