Tag: CBT > Business Issues/ Benchmarks > Cannabis Banks

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

Finance

Cresco Labs Closes $50 Million Revolving Credit Facility With Needham Bank

Access to conventional commercial bank financing enhances financial flexibility and supports Cresco Labs’ disciplined growth and consolidation strategy.

June 8, 2026

Finance

Curaleaf Upsizes Revolving Credit Facility to $100 Million With Needham Bank

The company’s agreement represents the largest revolving credit facility in the U.S. cannabis sector.

October 14, 2025

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

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

Finance

Green Thumb Industries Refinances Senior Debt, Closing on $150 Million Syndicated Credit Facility

The cannabis company intends to use the proceeds along with existing cash to retire its $225 million senior secured debt.

September 12, 2024

Banking Services Cannabis Industry

Federal Marijuana Rescheduling on the Horizon: A Big Step Forward But Not the Be-All-End-All

Rescheduling does not make cannabis legal throughout America and the U.S. territories; It makes cannabis a federally regulated medication—and many questions remain about the fate of the industry.

May 23, 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

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

Finance

CFIG Releases Business Guide for Cannabis Banking Options

The Cannabis Financial Industry Group published the guide to help cannabis-related businesses better assess financial institutions offering services.

December 5, 2023