Tag: CBT > Business Issues/ Benchmarks > Banking Bill Cannabis Industry

SAFE Banking Act

Senate Debanking Hearing Won’t Include Cannabis Witnesses; Federal Reform Unlikely This Congress

After former Senate Majority Leader Chuck Schumer sat on the SAFER Banking Act for 15 months, reform remains slim under a new Republican majority.

January 30, 2025

Banking Bill Cannabis Industry

Trump Signals Support for Federal Cannabis Rescheduling, Banking Reform

The GOP presidential candidate said he will focus on unlocking the ‘medical uses of marijuana to a Schedule 3 drug’ if elected in November.

September 9, 2024

Safety

Where All 100 US Senators Stand on SAFER Banking Act

At least 59 senators support or likely support the cannabis reform legislation as Majority Leader Chuck Schumer holds keys to floor vote.

May 8, 2024

Legislation and Regulation

Delaware Lawmakers Introduce Bill to Protect Financial Entities Serving Cannabis Industry

State Treasurer Colleen Davis endorsed the legislation, which aims to provide state-level protections for banks and credit unions.

March 27, 2024

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

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

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Lawmakers Urge Federal Officials to Update ‘Out-of-Date Guidance’ on Providing Banking Tools to Cannabis Business Owners Convicted of Cannabis-Related Crimes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