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SAFER Banking Act
Less Than 1.5% of New York’s Banks, Credit Unions Service Cannabis Industry
The state launched a cannabis banking directory for the industry, but the list of financial institutions is limited.
Senate Banking Committee Witness Urges Members to Improve, Pass SAFE Banking Act
Aaron Klien, of the Brookings Institute, told lawmakers that legislation for the cannabis industry needs to address ‘costly and unproductive’ SAR filings.
Senate Debanking Hearing Won’t Include Cannabis Witnesses; Federal Reform Unlikely This Congress
After former Senate Majority Leader Chuck Schumer sat on the SAFER Banking Act for 15 months, reform remains slim under a new Republican majority.
Trump Is In: Will Pro-Cannabis Reform Be In or Out?
What will the new administration and a Republican-controlled Congress mean for cannabis policy? Could we see movement on SAFER Banking before the transition? National Cannabis Roundtable Policy Director David Mangone shares his insights.
Cannabis Rescheduling Won’t Solve Industry Banking Problems, Legal Risks
Bank Secrecy Act obligations and federal anti-money laundering laws would still apply to cannabis under a Schedule III listing, legal expert says.
Trump Signals Support for Federal Cannabis Rescheduling, Banking Reform
The GOP presidential candidate said he will focus on unlocking the ‘medical uses of marijuana to a Schedule 3 drug’ if elected in November.
Farm Bill Amendment on Hemp-Derived Cannabinoids Leads CBT’s Top Stories in May
Cannabis rescheduling, Senators’ SAFER Banking stances, and Ohio localities with adult-use moratoriums were also among the most-read articles this month.
Where All 100 US Senators Stand on SAFER Banking Act
At least 59 senators support or likely support the cannabis reform legislation as Majority Leader Chuck Schumer holds keys to floor vote.
Cannabis Rescheduling FAQ: What Now?
From potential timelines to 280E to SAFER Banking, legal experts explain the implications of the federal government reclassifying cannabis as a less dangerous substance.
The State of Federal Cannabis Reform Leads CBT’s Most-Read Articles in April
4/20 deals and events, California tax defaults, and nationwide municipal opt outs also highlighted Cannabis Business Times’ most popular stories this month.
Federal Cannabis Legalization and Reform: Where Are We in 2024?
U.S. cannabis reform hasn’t come easy amid a divided Congress, but plenty of opportunities remain on the table for the remainder of the year.
Schumer Says He’ll ‘Turn’ to Cannabis Banking Bill Soon
The U.S. Senate majority leader mentioned the SAFER Banking Act among a short list of legislative priorities this year.
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