Will the Senate Actually Pass the SAFE Banking Act and If So, When Will They Do It?

Marijuana businesses have been operating on an all-cash basis for years now. No thanks to the federal government’s ancient policies that make accessing the services of banks and lenders impossible for hemp-based companies. This circumstance makes the cannabis industry a target of crime. In 2017, a beacon of hope appeared…

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21 Governors Call For Congress To Pass The SAFE Banking Act

A bipartisan group of twenty-one state governors sent a letter to congressional leaders on Monday urging lawmakers to support a bill that would allow legal cannabis businesses to have access to traditional banking services. The measure, titled the Secure and Fair Enforcement (SAFE) Banking Act, was approved by the House…

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Marijuana Banking Bill is Back | 710 Morning Show | March 18, 2021

Marijuana Banking Bill is Back | 710 Morning Show | March 18, 2021 Marijuana companies have very hard time banking. That’s because the federal government still deems cannabis illegal and banks can’t touch criminal companies. A new bill would change all of that and allow banks to work with “state…

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New House Pandemic Relief Bill Includes Cannabis Banking Provisions

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…

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Marijuana banking bill gets pushback from Colorado’s Buck, Lamborn

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…

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Colorado unveils plan to help bring banking to state’s cannabis industry

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…

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Perlmutter, House co-sponsors push Senate for swift action on marijuana banking bill

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…

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