House Approves Marijuana Banking Bill, Attaches It To America COMPETES Act
by Maureen Meehan The US House of Representatives formally attached a marijuana banking reform amendment to a large-scale bill dealing with innovation and manufacturing, marking th
The SAFE Banking Act has just been reintroduced into the Defense Act as an amendment, but could it be passed on its own?
The majority of cannabis advocates and advocates in the United States were disappointed by the Senate’s decision last month to remove SAFE ACT from the Defense Bill. Now that
Financial Regulator Calls Lack Of Banking Access In Cannabis A Serious Market Failure
by Nicolas Jose Rodriguez During an interview with PBC Conference that was released on Wednesday, Federal financial regulator Rodney Hood, a board member of the federal National Cr
How Does Legal Weed Affect Banking Activity? News Study Has Answers
After analyzing bank data over the course of several years, researchers have concluded that recreational cannabis legalization caused a spike in deposits and lending. Researchers c
First US credit union accredited to conduct cannabis and hemp banking transactions
New Mexico attorney general Hector Balderas announced Monday that the state’s Eagle Federal Credit Union will be the first financial institution in the United States to be ac
New Mexico Credit Union First in Nation to Introduce Protocols for Cannabis Banking, Strike Against Illegal Dealers
By Jelena Martinovic On Monday, New Mexico Attorney General Hector Balderas announced that the New Mexico-based US Eagle Federal Credit Union will become the first financial instit
No safe banking for you!
Marijuana legalization took a hit when the Safe Banking Act was removed from the NDAA. They say “one step forward, two steps back” is the motto in the marijuana industr
Marijuana Banking Reform Act chopped off from Congressional Defense Act in bicameral talks
By Maureen Meehan The latest version of the Congressional Defense Act omitted a number of provisions contained in the House-approved National Defense Authorization Act (NDAA), incl
The Colorado Senator says the lack of cannabis banking is a “recipe for disaster”
Colorado Democratic Senator John Hickenlooper last week called for the SAFE Banking Act to be passed and said the country’s refusal to allow cannabis companies access to trad
Janet Yellen says cannabis companies doing billions in banking would “naturally” help the IRS
By Maureen Meehan When Colorado Congressman Ed Perlmutter, of the House of Representatives Financial Services Committee, asked Treasury Secretary Janet Yellen on Wednesday if she a
Marijuana Banking Reform: Millions seek banking services through Defense Law
By David E. Carpenter To get marijuana banking reform passed as part of this year’s National Defense Authorization Act (NDAA), vocal members of labor and finance organization
24 governors urge Congress to pass cannabis banking law |
The governors of 24 states and U.S. territories sent a letter to the leaders of Congress on Thursday urging lawmakers to pass laws that allow financial institutions to provide bank
So what are the odds that cannabis banking reform will go along with the Defense Spending Act?
President Biden could finally pass the cannabis banking law with the mandatory defense budget of 2022. The United States House of Representatives approved cannabis banking reform,
Will cannabis banking reform land on Biden’s desk along with the Defense Act?
By Jelena Martinovic The U.S. House of Representatives passed extensive defense spending bill on Thursday, just days after the cannabis banking reform that was part of the legislat
US House Approves SAFE Banking Act as Part of Military Spending Act in Historic Vote
The US House of Representatives on Thursday approved the Secure and Fair Enforcement (SAFE) Banking Act as part of the newest National Defense Authorization Act, a law governing mi
How do cannabis companies have bank accounts now when a safe banking law has not been passed?
Did you read the headline again? If you understand the struggles the cannabis industry has had with the banking sector for many years, you will be amazed by its information. All th
A banking and payment solution for the cannabis industry
We live in a digital world. Most of us now buy things digitally, regardless of whether we pay with a card, banking app or mobile payment app. But paying for cannabis digitally can
How to Get Cannabis Real Estate Bank Loan Before Getting SAFE Banking Passes
By Scott Jordan There are several factors that contribute to the low interest rate environment for cannabis companies. Since March 2021, with the new administration in the U.S., ra
25% federal marijuana tax, too few votes, blocking the Safe Banking Act
What we learned from our first real attempt to legalize marijuana federally in America Senator Shumer and Senator Booker have published their first attempt at federal marijuana leg
How long does it take for the Senate to approve the SAFE Banking Act?
Marijuana companies have operated exclusively in cash for years. No, thanks to the federal government’s old policy of preventing hemp companies from accessing services from b