SAFE Banking Act

Visa, Mastercard Likely Won’t Change Cannabis-Payment Policies Under Schedule III, GAO Finds

Unless cannabis is federally legalized, the industry’s obstacles with banking, loans and other basic financial services will persist, according to a federal report.

American Bankers Association Presses Congress to Pass SAFE Banking Act

The financial trade group for the U.S. banking industry wrote a letter to congressional leaders, urging them to co-sponsor the cannabis legislation.

8 Bipartisan US House Lawmakers Reintroduce SAFE Banking Act

The legislation would prohibit federal regulators from penalizing financial institutions simply because they choose to service the cannabis industry.

4 Bipartisan Senators File SAFE Banking Act for Cannabis Industry

The legislation, which previously passed seven times in the House, aims to provide a safe harbor to banks and credit unions wishing to serve the industry.

SAFE Banking Act Nowhere to Be Found in Wake of Schedule III Cannabis Order

The new federal posture toward loosening restrictions on cannabis does not appear to have increased congressional appetite for industry banking reform.

Republican Champion for Cannabis Safe Banking Won’t Seek Senate Reelection

Montana Sen. Steve Daines, who fought to provide safe harbor to financial institutions wishing to serve the cannabis industry, won’t seek a third term.

New Year, New Cannabis Banking Opportunities?

Banking reform remains stalled despite widespread state legalization. Could Trump’s executive order on rescheduling start to set change in motion?

32 Attorneys General Tell Congress to Pass SAFER Banking for Cannabis

The legal officers from 28 states, Washington, D.C., and three U.S. territories wrote a letter to congressional leaders urging industry reform.

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.

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