SAFE Banking Act: Page 4

UPDATE: SAFE Banking Act on Cusp of Markup, Advancement in Senate Banking Committee

A full committee markup on the legislation is scheduled for Sept. 27.

US Senator Urged to Rescind Support of SAFE Banking

Sen. Tommy Tuberville, who’s been vocally supportive of cannabis banking reform, now represents a battleground vote for prohibitionists.

Maryland Cannabis Sales Crack $420 Million For Year; Tax Revenue’s Banking Scrutinized

The state’s licensed dispensaries reported more than $104 million in adult-use cannabis sales in the first two months since the program launched.

Mastercard No Longer Allowing Cannabis Purchases on Debit Cards

The corporation is the latest payment processor warning financial firms not to service the cannabis industry.

SAFE Banking Backed by At Least 9 GOP Senators; Bill Lies Largely in Democrats’ Court

The Republican support indicates legislation to provide traditional banking services to the cannabis industry has the votes to avoid a filibuster.

UPDATED: Illinois Governor Signs Budget Bill With Cannabis Tax Provisions

Gov. J.B. Pritzker signed legislation that will allow licensed cannabis businesses to take state tax deductions that are currently prohibited at the federal level.

SAFE Banking Testifiers Provide Mixed Reviews in Senate Banking Committee Hearing

The congressional body invited witnesses from UFCW, SAM, Dama Financial and Cannabis Regulators of Color Coalition to speak.

Curaleaf’s Boris Jordan Says New Super PAC Will Sway SAFE Banking’s Passage in 2023

The company’s executive chairman provided a timeline for the bill during an earnings call but said he’s not “predicting anything in Washington.”

SAFE Banking Bill is Back—Back Again—Again, Again, Again …

The bipartisan federal legislation aimed at providing safe harbor to financial institutions servicing the cannabis industry was reintroduced in Congress.

Cannabis Policy Summit Congressional Forum: Bipartisan Enthusiasm & Predictions for Comprehensive Reform

The policy discussions on 4/20 saw legislators from both parties sharing optimism and plans for cannabis bills this session.

2023 Cannabis Industry Outlook: 'Tough Times Create Exceptional Organizations'

Merida Capital's Colin Kelley shares his take on what U.S. cannabis markets can expect this year, as well as themes to keep in mind while navigating this challenging time in the industry.

SAFE Banking Hopes Fade as Congress Scrambles to Approve Spending Deal

While some lawmakers are pushing to include the SAFE Banking Act in the omnibus spending bill, it is possible that cannabis banking reform efforts will be punted to 2023.

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