Tag: CBT > Business Issues/ Benchmarks > SAFE Banking Act: Page 2

Legislation and Regulation

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.

March 7, 2024

Legislation and Regulation

Which US Senators Have Signed Their Names to the SAFER Banking Act of 2023?

Since the revised cannabis banking bill was introduced in late September, 36 lawmakers have decided to sign the legislation. Here’s the (fluid) list.

February 29, 2024

Banking Bill Cannabis Industry

Congressional Research Service Says Lack of Banking Services Makes Cannabis Businesses ‘Target for Theft’

A new report lays out policy issues related to cannabis banking.

February 9, 2024

Alabama

CBT’s Most Popular Articles: December

Here are Cannabis Business Times’ most-viewed stories this month.

December 28, 2023

Legislation and Regulation

US Senator Asks 8 Banking CEOs If They Support SAFER Banking Act; 1 Raises Hand

The senator, who was the lone Democrat to oppose the legislation during a committee markup in September, pressed the top bankers on the cannabis issue.

December 7, 2023

Legislation and Regulation

As Ohio Legalizes Cannabis, the State’s Junior US Senator Opposes SAFER Banking for Industry

The “upsides of this bill are overstated,” Sen. JD Vance said about providing federal safe harbor to banks servicing state-sanctioned cannabis companies.

November 22, 2023

Banking Bill Cannabis Industry

Lawmakers Urge Federal Officials to Update ‘Out-of-Date Guidance’ on Providing Banking Tools to Cannabis Business Owners Convicted of Cannabis-Related Crimes

A group of 20 Democratic members of the House and Senate sent a letter to the U.S. Department of the Treasury and the Financial Crimes Enforcement Network urging them to revise “red flags” for cannabis business owners.

November 20, 2023

Massachusetts

Another Path to Challenge Federal Cannabis Prohibition

Massachusetts cannabis operators and lawyers who filed a lawsuit against the U.S. attorney general over the enforcement of the Controlled Substances Act say they can’t wait—or count on—legislative action for relief.

November 17, 2023

Oregon

Earl Blumenauer, Cannabis Reform Champion, Won’t Seek Reelection

The Oregon Democrat who founded the Congressional Cannabis Caucus has served his current U.S. House district since 1996.

October 30, 2023

Banking Bill Cannabis Industry

Bank of America, National Rifle Association Lobby on Cannabis Banking Reform

The two entities included the SAFER Banking Act in their recent lobbying disclosures.

October 26, 2023

SAFE Banking Act

New House Speaker Mike Johnson Consistently Votes Against Cannabis Reform

The U.S. House finally has confirmed a new Speaker, though his views on cannabis as well as the turmoil created by weeks without a Speaker may be bad news for the cannabis industry.

October 25, 2023

Banking Bill Cannabis Industry

Senate Majority Leader Vows to Bring SAFER Banking Act to Floor—And Other Reactions to Bill’s Advancement

The Senate Banking Committee approved the legislation Sept. 27, sending it to the floor, where Sen. Chuck Schumer plans to call a vote “as quickly as possible.”

September 28, 2023