Momentum for federal cannabis-banking reform has slowed to a crawl in Washington, where lawmakers appear far more focused on everything except allowing cannabis businesses basic access to the financial system. Despite years of bipartisan pushes, industry pleas, and repeated warnings about the risks of a cash-only marketplace, the long-discussed SAFE Banking legislation has … [Read more...] about Congress Tells Cannabis Banking: “We’ll Get to You… Eventually”
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NY launches Cannabis Banking Directory
The New York State Office of Cannabis Management has launched the Cannabis Banking Directory, which connects licensed cannabis businesses with banks and credit unions ready to serve the industry. The program launched by OCM’s Social and Economic Equity (SEE) team is designed to increase access to financial services by reducing barriers to help create more financial stability … [Read more...] about NY launches Cannabis Banking Directory
Congressional Progressive Caucus Says Dems Can Legalize MJ By Winning House, Senate Majorities This November
It’s a given that Election Season comes with a slew of messages from all sides, and the Congressional Progressive Caucus (CPC) is throwing its hat in the ring with a new legislative agenda, “a vision for Congress to meet everyday Americans’ urgent needs and rebuild the American dream for the poor, working, and middle class,” according to a recent news release from the … [Read more...] about Congressional Progressive Caucus Says Dems Can Legalize MJ By Winning House, Senate Majorities This November
Over Eight Hundred Banks File to Allow Cannabis Businesses, FinCEN Reports
Banking institutions are in a race to allow cannabis businesses ahead of imminent changes in the way cannabis is classified at the federal level, according to federal data. Cannabis remains prohibited at the federal level, but the U.S. Health & Human Services Department (HHS) recommendation to reclassify cannabis from a Schedule I to a Schedule III changes everything. NORML … [Read more...] about Over Eight Hundred Banks File to Allow Cannabis Businesses, FinCEN Reports
