• Financial Association Implores Senate to Pass Marijuana Banking

Financial Association Implores Senate to Pass Marijuana Banking

A nationwide community bank association has added its voice to the chorus of calls imploring Senate leadership to act on marijuana banking reform. The Independent Community Bankers of America (ICBA) that represents around 50,000 community banks across the US sent a letter urging the Senate to include provisions in a manufacturing bill that would safeguard

By |June 9th, 2022|
  • SAFE Banking Act Advanced by House as Part of America Competes Act

SAFE Banking Act Advanced by House as Part of America Competes Act

In a now familiar move, the US House of Representatives voted for legislation containing provisions that would shield financial institutions servicing state-legal marijuana businesses from federal interference. The House-approved America COMPETES Act of 2022, which includes provisions of the Secure and Fair Enforcement (SAFE) Banking Act, means the marijuana banking reform measure has now cleared

By |February 23rd, 2022|
  • Marijuana Banking Removed from Defense Spending Bill

Marijuana Banking Removed from Defense Spending Bill

A bicameral conference committee removed provisions from a defense spending bill that would have afforded protections to financial institutions that service state-legal marijuana businesses. The House included the Secure and Fair Enforcement (SAFE) Banking Act as an amendment in its version of the National Defense Authorization Act (NDAA), which it passed in September. This marked

By |December 22nd, 2021|
  • Bipartisan Senators Press for Passage of Cannabis Banking Through Defense Bill

Bipartisan Senators Press for Passage of Cannabis Banking Through Defense Bill

A bipartisan group of senators sent a letter urging Senate leadership to retain provisions in a national defense spending bill which would shield banks that provide services to state-legal cannabis businesses from federal interference. The bill – the National Defense Authorization Act (NDAA) – was passed by the House in September and included provisions from

By |December 1st, 2021|
  • Key Senators Agreemen Not to Advance Cannabis Banking Reform Before Legalization

Key Senators Have ‘Agreement’ Not to Advance Cannabis Banking Reform Before Legalization, Schumer Says

Senate Majority Leader Chuck Schumer said he and the two other senators behind a bill to federally legalize cannabis have an “agreement” in place not to advance marijuana banking legislation until they’ve passed their more substantive reform proposal. Schumer, alongside Senate Finance Committee Chairman Ron Wyden (D-OR) and Sen. Cory Booker (D-NJ), is one of

By |October 22nd, 2021|