Banking Services Cannabis Industry: Page 9

U.S. House Passes SAFE Banking Act as Part of New Coronavirus Relief Bill: UPDATE

The bill now heads to the U.S. Senate, which has never before passed cannabis banking legislation.

U.S. House Includes SAFE Banking Act in New COVID-19 Relief Bill, Montana Cannabis Legalization Campaign Launches Signature Drive: Week in Review

This week, House lawmakers included legislative language from the SAFE Banking Act in new legislation aimed at economic relief amid the coronavirus pandemic.

Cannabis Policy Advocates Urge Congress to Include Banking Reform in Next Coronavirus Relief Legislation

Advocates argue that the lack of banking access hinders social distancing efforts, increases risk of contagion, creates unnecessary financial hardship and presents other safety risks for essential businesses and patients.

California Offering $50,000 ‘Bridge Loan’ for Small Businesses, Including Cannabis Industry

With a sales tax deferral and an opportunity to hold back thousands of dollars, California is offering some relief for small business owners.

Lawmakers Introduce House Bill to Extend Federal Aid to Cannabis Industry, Stay-at-Home Orders Keep 4/20 Sales Down: Week in Review

This week, Reps. Earl Blumenauer and Ed Perlmutter unveiled legislation that would allow cannabis businesses to access federal COVID-19 relief.

Lawmakers Introduce House Bill to Extend COVID-19 Relief Efforts to Cannabis Businesses

The Emergency Cannabis Small Business Health and Safety Act, introduced by Reps. Earl Blumenauer and Ed Perlmutter, would allow the legal cannabis industry to access federal aid.

The Cannabis Industry Finds Newfound Legitimacy Amid COVID-19 Crisis: Q&A with NORML’s Erik Altieri

NORML’s executive director discusses how the political climate has shifted in response to the pandemic, as well as how the coronavirus might help shape future cannabis policy.

Lawmakers Look to Include Cannabis Banking Reform in Next COVID-19 Stimulus Bill

Industry stakeholders weigh in on Rep. Ed Perlmutter’s push to get a revised version of the SAFE Banking Act included in an economic relief package.

DEA Deschedules Epidiolex, Senators Urge SBA to Extend Economic Assistance to Cannabis Businesses: Week in Review

Effective immediately, the DEA has descheduled GW Pharmaceuticals’ Epidiolex, which was initially listed under Schedule V following its approval in 2018.

Federal Stay-at-Home Order? What Cannabis Businesses Need to Know

Industry advocates and attorneys weigh in on what federal COVID-19 guidance might entail and how it could impact businesses in the space.

Hemp Growers Will Need to Educate Lenders When Seeking Small Business Loans

With federal stimulus packages offering small business assistance, now is the time to realize that you’ll be educating the lender about what hemp is.

Canada’s Cannabis Industry Barred from Receiving Business Loans as Part of COVID-19 Relief Efforts

Ottawa has unveiled a plan to aid the economy as coronavirus continues to spread and forces businesses to close, but banks have refused to extend this assistance to the cannabis industry.

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