Banking Bill Cannabis Industry: Page 3

Senate Minority Leader Mitch McConnell Squashes Democrats’ Efforts to Add SAFE Banking Provisions to Defense Bill

McConnell called on Senate Majority Leader Chuck Schumer and House Speaker Nancy Pelosi to remove the cannabis-related language from the National Defense Authorization Act.

Independent Community Bankers Association, Affiliated State Associations Call on Senate to Pass SAFE Banking Act

The ICBA and 44 affiliated state associations submitted a letter to Senate leaders this week, urging them to calendar the legislation for a floor vote.

US Senator Urges Senate to Approve SAFE Banking Act During Banking Hearing

Sen. Bob Menendez, a senior member of the Senate Banking Committee, urged passage of the banking reform legislation during a hearing this week titled “Current Issues in Insurance.”

New Poll Reveals That Two-Thirds of Voters Support Cannabis Banking Reform

A new Independent Community Bankers of America poll, conducted by Morning Consult, showed that 65% of voters support allowing cannabis-related businesses to access banking services in state-legal markets.

'There Really Are No Luxuries Here’

Planet 13 co-CEO Robert Groesbeck says cannabis companies must tread carefully as the economic outlook remains grim.

Cannabis Regulators of Color: No SAFE Equity Without Amended Bill

The major industry advocacy group says SAFE Banking will not promote equity in cannabis without significant changes.

'We Need Federal Action'

Attorney Michael Sampson describes what Pennsylvania's new banking bill means for the cannabis industry and what needs to change.

U.S. House Passes SAFE Banking Act as Amendment to Defense Bill

The House approved the cannabis banking reform legislation for the seventh time as part of the 2023 National Defense Authorization Act.

Pennsylvania Governor Signs Cannabis Banking Legislation Into Law

Gov. Tom Wolf signed the bill July 11 to allow the state’s cannabis businesses to secure financial services from banks and lenders.

Rep. Ed Perlmutter Includes SAFE Banking as Amendment to National Defense Budget Bill

After the cannabis banking reform legislation was removed from the America COMPETES Act last month, the bill’s primary sponsor has attached it to the 2023 National Defense Authorization Act.

Midyear Cannabis Update: 4 Industry Trends to Watch

Saul Ewing Arnstein & Lehr’s Jonathan Havens shares the biggest developments he’s seen so far in 2022, as well as which trends industry stakeholders should watch during the second half of the year.

Washington Lawmakers Bail on SAFE Banking, Again

The cannabis reform measure was removed from the America COMPETES Act, a GOP request that top Democrats caved in to agree upon.

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