Tag: CBT > Business Issues/ Benchmarks > Banking Services Cannabis Industry: Page 5

Legislation and Regulation

Rep. Ed Perlmutter Includes SAFE Banking as Amendment to National Defense Budget Bill

After the cannabis banking reform legislation was removed from the America COMPETES Act last month, the bill’s primary sponsor has attached it to the 2023 National Defense Authorization Act.

July 5, 2022

Interviews & Opinion

Midyear Cannabis Update: 4 Industry Trends to Watch

Saul Ewing Arnstein & Lehr’s Jonathan Havens shares the biggest developments he’s seen so far in 2022, as well as which trends industry stakeholders should watch during the second half of the year.

July 1, 2022

Legislation and Regulation

Washington Lawmakers Bail on SAFE Banking, Again

The cannabis reform measure was removed from the America COMPETES Act, a GOP request that top Democrats caved in to agree upon.

June 23, 2022

Vendor News

CanPay Expands to Reach Nearly All of Florida's Cannabis Consumers

The platform is now accepted at 95% of the state's medical marijuana treatment centers.

June 2, 2022

Finance

More Than 20 Senators Urge Congressional Leadership to Include SAFE Banking Act in Pending Legislative Package

A group of 24 senators wrote a letter to Senate and House leaders May 12, encouraging them to include the cannabis banking reform measure in the final version of the America COMPETES Act.

May 16, 2022

Finance

Fluresh Lands $25-Million Note From Federally Regulated Bank

The hefty loan signals another degree of normalization for an industry poised on the edge of impending bank reform.

April 29, 2022

Banking Bill Cannabis Industry

Bankers Associations From All 50 States Urge Senate Leadership to Pass SAFE Banking Act

Members of the American Bankers Association and state bankers associations sent a letter to lawmakers April 28, asking them to include the SAFE Banking Act in the America COMPETES Act.

April 29, 2022

Legislation and Regulation

Cannabis Reformist Presses Senate Quartet to Pass SAFE Banking

Rep. Ed Perlmutter says his legislation, which has passed the House six times, offers an “immediate solution to get cash off our streets.”

April 20, 2022

Vendor News

West Town Bank & Trust Launches Dedicated Cannabis Banking Program

The program aims to make financial services, such as banking and electronic payments, more accessible to cannabis businesses nationwide.

April 20, 2022

Finance

Justice Department to Return $1.1M in Cannabis-Related Cash to Armored Vehicle Company

Seized last year in San Bernardino County, Calif., the money came from licensed cannabis operators and will be returned to Empyreal Logistics.

April 14, 2022

Legislation and Regulation

New York Senator Introduces Cannabis Banking Bill

Sen. Jeremy Cooney has introduced the first of two bills meant to address banking in the state’s cannabis industry.

April 14, 2022

Legislation and Regulation

Pennsylvania Senate Approves Cannabis Banking Legislation

Senate Bill 1167, which would allow financial institutions and insurers to provide services to the state’s medical cannabis businesses, has advanced to the House.

April 14, 2022