SAFE Banking Act

At the recent Benzinga Cannabis Capital Conference, former U.S. Representative Ed Perlmutter shared his perspective on the ongoing push for cannabis banking reform, mainly through the SAFE Banking Act. A long-time advocate of the act during his time in Congress, Perlmutter discussed the progress...

The TDR Three Key Takeaways on the SAFE Banking Act: TDR’s Shadd Dales has live interviews in Washington DC with senators on their views of the SAFE Banking Act Senators believe economic and safety benefits underscore the urgent need for the SAFE Banking Act.  Senators believe strategic...

The fate of the Secure and Fair Enforcement Regulation (SAFER) Banking Act hangs in the balance. Just how likely is it to become law this year? A recent survey of congressional staffers reveals intriguing insights. Doubts Loom Over Marijuana Banking Bill A survey conducted by Punchbowl News'...

At the Benzinga Cannabis Capital Conference in Chicago, key figures in the cannabis industry engaged in discussions about the U.S. Senate Banking Committee passing the Secure and Fair Enforcement Regulation (SAFER) Banking Act — and a surprising twist involving cryptocurrency, offering...

In an exclusive address to the Benzinga Cannabis Capital Conference, U.S. Rep. Earl Blumenauer (D-OR) emphasized the remarkable progress and enduring challenges in cannabis legislation. Blumenauer, a longstanding cannabis advocate, traced his involvement in the cause back to 1973 when Oregon...

As we come closer to long-awaited movement on the cannabis banking bill, set for a Senate committee markup on September 27, Senators are circulating a revised bill with an updated title and several new provisions related to federal financial regulations, guidance and reporting...

Federal Cannabis reform is moving closer to reality as the Senate Banking Committee's long-awaited vote on a bipartisan marijuana banking bill becomes imminent. Senate Banking Committee Chairman Sherrod Brown (D-Ohio) told reporters that they hope to announce...

Senate Banking Committee Chairman Sherrod Brown (D-OH) says he'll announce the scheduling of a marijuana banking bill vote in his panel soon, aiming to hold the markup session before October 6. However, he acknowledges that there are unresolved issues among committee members that need to be...

Will the rescheduling of cannabis fuel a boom in cannabis stocks? Analysts from Z&A delve into the pros and cons of MSOs and cannabis rescheduling in their latest equity research report. Re-scheduling Vs. De-scheduling: What Is The Difference? Re-scheduling cannabis refers to the process of...

In yet the latest blow to the prospects of expedited SAFE Banking Act passage, a lead cannabis lobbyist has indicated that a key markup vote will not transpire before the Congressional summer recess. In a tweet that served as a wet blanket to investors, a top cannabis lobbyist delivered...

The Cannabis Financial Industry Group (CFIG), a coalition of financial institutions and associated risk-mitigating service providers functioning in the regulated cannabis industry, announced the publication of baseline banking standards for any financial institutions interested...

Wisconsin Governor Signs Bill Blocking Local Marijuana Legalization Advisory Questions On Tuesday, Wisconsin Governor Tony Evers (D) signed a comprehensive bill that includes a controversial provision preventing local governments from including non-binding advisory questions on the ballot. These...

The issue of marijuana banking has been a pressing concern for the cannabis industry for the past several years. Passed seven times on a bipartisan basis in the House of Representatives, the SAFE Banking Act has never quite had enough support to make it through to the...

In a recent discussion on cannabis banking and legalization, Representative Dave Joyce (R-OH) joined Javier Hasse and Patrick Lane on Benzinga Cannabis Insider to discuss the challenges and opportunities around the issue. As a staunch advocate for cannabis banking, Rep. Joyce...

The U.S. Senate Banking Committee held a hearing on Thursday to discuss the Secure and Fair Enforcement (SAFE) Banking Act, which would give the cannabis industry access to traditional banking services. The bill, reintroduced by Sens. Jeff Merkley, D-Ore., and Steve Daines, R-Mont.,...