Tag: CBT > Business Issues/ Benchmarks > SAFE Banking Act: Page 4

Banking Bill Cannabis Industry

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.

June 8, 2023

SAFE Banking Act

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.

May 11, 2023

Cannabis Price Compression

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.”

May 2, 2023

SAFE Banking Act

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.

April 27, 2023

Adult-Use Legalization Debate

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.

April 25, 2023

Medical Cannabis Legalization Bill

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.

January 11, 2023

Legislation and Regulation

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.

December 19, 2022

Legislation and Regulation

Senate Minority Leader Mitch McConnell Squashes Democrats’ Efforts to Add SAFE Banking Provisions to Defense Bill

McConnell called on Senate Majority Leader Chuck Schumer and House Speaker Nancy Pelosi to remove the cannabis-related language from the National Defense Authorization Act.

December 7, 2022

Legislation and Regulation

Independent Community Bankers Association, Affiliated State Associations Call on Senate to Pass SAFE Banking Act

The ICBA and 44 affiliated state associations submitted a letter to Senate leaders this week, urging them to calendar the legislation for a floor vote.

November 30, 2022

Legislation and Regulation

Global Alliance for Cannabis Commerce Discusses Federal and State Cannabis Policy Ahead of Congressional Hearing Testimony

GACC leaders Randal John Meyer and Rezwan Khan broke down some of the industry trade group’s approaches and positions on state and federal reform.

November 14, 2022

Legislation and Regulation

US Senator Urges Senate to Approve SAFE Banking Act During Banking Hearing

Sen. Bob Menendez, a senior member of the Senate Banking Committee, urged passage of the banking reform legislation during a hearing this week titled “Current Issues in Insurance.”

September 9, 2022

Legislation and Regulation

New Poll Reveals That Two-Thirds of Voters Support Cannabis Banking Reform

A new Independent Community Bankers of America poll, conducted by Morning Consult, showed that 65% of voters support allowing cannabis-related businesses to access banking services in state-legal markets.

September 9, 2022