Tag: CBT > Business Issues/ Benchmarks > SAFE Banking Act

SAFE Banking Act

16 Governors Urge Congress to Pass SAFE Banking Act for Cannabis Industry

The Democratic coalition called on US lawmakers to pass the legislation in the lame-duck session so cannabis ‘businesses can bank like everyone else.’

November 10, 2026

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.

September 9, 2026

SAFE Banking Act

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.

July 7, 2026

SAFE Banking Act

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.

June 25, 2026

SAFE Banking Act

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.

June 25, 2026

SAFE Banking Act

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.

May 26, 2026

SAFE Banking Act

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.

March 5, 2026

Full-Spectrum Wisdom

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?

January 28, 2026

SAFE Banking Act

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.

August 27, 2025

Cannabis Rescheduling

DEA Judge’s Orders, Trump’s DEA Pick, Doctors’ Rescheduling Appeal Lead CBT’s Top Stories in February

The administrative law judge’s orders regarding a trio of pro-rescheduling participants led Cannabis Business Times’ most-read articles this month.

February 26, 2025

New York

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.

February 6, 2025

SAFE Banking Act

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.

February 5, 2025