Predictions for Future Federal Cannabis Laws August 14, 2023 AggregatedNews Federal 0 Comments By Griffen Thorne, Attorney at Harris Bricken Most Americans favor federal cannabis legalization. Nearly all Americans support medical cannabis legalization. This is not a new development. It has been that way for years. And it is a rare non-partisan issue. Over the past few… Read More→
Dama Financial CEO Patrick O’Boyle on Building an End-to-End Solution August 8, 2023 Tom Hymes Banking, Finance & Real Estate, News & Insights 0 Comments San Bruno, California-based Dama Financial has provided essential banking services to the cannabis industry since it was founded in 2016. As the industry has developed, however, the company realized that it needed to become more of a full-service financial provider,… Read More→
Lawmakers face closing window to pass landmark bipartisan marijuana bill December 8, 2022 AggregatedNews Federal 0 Comments Lawmakers are facing a rapidly closing window to get key marijuana legislation across the finish line in the lame-duck session. Despite fetching broad bipartisan support in the House and Senate, opposition from GOP leadership and a tightening timeline is chipping… Read More→
Cannabis Measure Left Off Defense Bill in Setback for Industry December 6, 2022 AggregatedNews Federal 0 Comments Backers sought to ease path to passage before end of year. Some Republicans rejected adding extras on defense legislation A marijuana banking measure was left out of a must-pass defense bill, significantly narrowing the chances that legislation to clear the way… Read More→
Cannabis banking supporters scramble to reach lame-duck deal November 25, 2022 AggregatedNews Federal 0 Comments The Senate is trying to get a package of cannabis-related legislation over the finish line in this Congress. Urgency is building in the Senate to get cannabis legislation passed before the year is over. The specter of a Republican-led House… Read More→
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→
Dems eye marijuana bill as vehicle for justice measures June 15, 2022 AggregatedNews Policy & Legal 0 Comments Senate Democrats are eyeing a cannabis banking bill that has bipartisan support as a potential vehicle for long-sought restorative justice measures. Prominent Democrats have been pushing to pass the SAFE Banking Act, which would enable legally operating cannabis firms to… Read More→
Reefer Sadness? SAFE Banking Act is Back February 3, 2022 Hilary Bricken Banking, Finance & Real Estate 0 Comments by Hilary Bricken, Principal at Harris Bricken The year 2021 was an emotional roller coaster for marijuana banking. It culminated in the death of the Secure and Fair Enforcement (SAFE) Banking Act in the Senate, when it didn’t make it… Read More→
SAFE Banking – The Most Crucial Piece of Cannabis Reform Legislation That Needs to Be Passed ASAP December 20, 2021 Skip Motsenbocker Banking, Finance & Real Estate, Op-Ed 2 Comments By Skip Motsenbocker, CEO of Pacific Stone Duffel bags being filled with cash, armed guards and trucks with tinted windows: this isn’t a scene out of the Netflix Series Ozark, but the reality of many licensed cannabis companies throughout the… Read More→
Cannabis CEOs signal confidence on marijuana banking law passing August 13, 2021 AggregatedNews Banking, Finance & Real Estate 0 Comments Marijuana advocates have been stacking victories over the last few years at the state level with nearly 20 U.S. states having now approved adult recreational marijuana use. But even as momentous as those changes have been, reform at the federal… Read More→
2021 Half-time Report: As Adult-use Legalization Spreads Across the U.S., Federal Legislation, Social Equity Take Center Stage August 11, 2021 Joe Caltabiano News & Insights 0 Comments With half of the year now in the history books, it is safe to say the first half of 2021 will likely be remembered as a series of watershed moments for the cannabis industry. Even if we do not achieve… Read More→
Marijuana reform: Sen. Cory Booker clarifies stance on key banking bill July 23, 2021 AggregatedNews Banking, Finance & Real Estate 2 Comments After introducing new draft legislation last week to end the federal prohibition of marijuana alongside Senate Majority Leader Chuck Schumer (D., N.Y.) and Sen. Ron Wyden (D., Oreg.), Sen. Cory Booker made it a point to emphasize that any marijuana… Read More→
SAFE Banking Would Be A Game Changer For The Cannabis Industry April 1, 2021 Kris Krane Federal, Op-Ed 0 Comments As expected, the SAFE Banking Act has officially been reintroduced in Congress. If this passes, banks and financial institutions will be legally allowed to conduct business with state legal cannabis companies. However, there is one major distinction between this year’s… Read More→
The USA Cannabis Opportunity is Significant: New entrants who know what they are doing and operate smartly will be successful January 26, 2021 Terry Booth News & Insights, Opinions 0 Comments By Terry Booth Compared to Canada, the American cannabis industry is a very different ballgame — and it’s still only in the first inning. The highly rated research team at Cowen & Company, led by Vivien Azer, estimates that the… Read More→
CANNABIS CRYSTAL BALL: What Lies Ahead for the Cannabis Industry in 2021 and Beyond January 13, 2021 Reggie Snyder News & Insights 0 Comments By Reggie Snyder In early 2020, prior to the coronavirus pandemic, cannabis reform efforts were making steady progress on Capitol Hill. By all objective metrics, 2020 was initially shaping up to be a banner year for the cannabis industry at… Read More→