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…
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…
On the eve of 4/20, members of Congress offered up a gift to the budding cannabis industry. The House of Representatives on Monday passed the SAFE Banking Act of 2021, which clears the way for financial institutions and banks to work with cannabis companies. The SAFE Banking Act of 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…
House Reintroduces SAFE Banking Act to Protect and Advance Legal Cannabis | High Times Total 0 Share News – High Times
Michigan Cracks Down on Cannabis Banking Through Credit Unions | High Times Total 0 Share News – High Times
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…