Biden order adds momentum to bipartisan marijuana bill October 19, 2022 AggregatedNews Federal 0 Comments President Biden’s move to reevaluate marijuana’s legal status and pardon federal weed convictions has reinvigorated momentum for congressional action to boost the ailing cannabis industry. Lawmakers see the lame-duck session as their best chance yet to pass the SAFE Banking Act,… Read More→
Move to let legal cannabis businesses open bank accounts stalled again in U.S. Senate December 7, 2021 AggregatedNews Federal 0 Comments A House provision allowing banks to provide credit cards, checking accounts and other financial services to legal cannabis businesses failed to survive negotiations with the Senate and was left out of legislation setting federal defense policy for the 12 months… Read More→
US House Committee Passes First-Ever Marijuana Banking Bill March 29, 2019 AggregatedNews Banking, Finance & Real Estate 0 Comments The bill, approved by the House Committee on Financial Services, is a top priority for a marijuana industry largely shut out of mainstream banking. U.S. House Democrats on Thursday advanced legislation to give cannabis businesses greater access to banking, approving… Read More→