Tag: CBT > Business Issues/ Benchmarks > Banking Services Cannabis Industry: Page 2

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

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

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Lawmakers Urge Federal Officials to Update ‘Out-of-Date Guidance’ on Providing Banking Tools to Cannabis Business Owners Convicted of Cannabis-Related Crimes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

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

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

Legislation and Regulation

WATCH NOW: Senate Banking Committee's Markup on SAFER Banking Act

Watch the live video of the 23-member committee's hearing on the cannabis banking bill.

September 27, 2023

Legislation and Regulation

SAFER Banking Act Approved in Committee, Signaling Major Victory for Cannabis Reform

The cannabis banking bill survived its first-ever Senate markup and now moves to a full vote on the floor of the chamber.

September 27, 2023

Legislation and Regulation

Vote Count: How the SAFER Banking Act’s Markup Will Likely Shake Out

Two key Senate Banking Committee members will probably miss the markup hearing, but the revised legislation is poised for approval (maybe).

September 26, 2023

Banking Bill Cannabis Industry

National Conference of State Legislatures Signals Support for SAFER Banking Act Ahead of Committee Markup

The NCSL sent a letter to congressional leadership Sept. 25 to express the organization’s support for cannabis banking reform.

September 26, 2023

Legislation and Regulation

SAFE Banking Act: How We Got Here, What’s Next For SAFER

The four corners of Washington’s political playbook have repeatedly stood in the way, but will this U.S. Congress be different?

September 25, 2023