Banking Services Cannabis Industry: Page 4

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.

Transactions, Tickets and Banking Trends

2022 data on cannabis dispensary transaction volumes show a plurality of participants with 100 or fewer purchases per day, and just over half reported average baskets between $41 and $80.

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.

PayNW Now Serving Cannabis-Related Businesses with Compliant Human Capital Management Solutions

Fast-growing company provides human capital management solutions; payroll, HRIS, applicant tracking, tax filing, time tracking and more.

'We Need Federal Action'

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

Cogent Bank Partners with Green Check Verified to Serve Underbanked Cannabis Industry in the Southeast

Florida-based Cogent leveraging leading fintech technology to provide full suite of products and services to businesses.

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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