Democrats face tough climb on winning Senate approval of legal marijuana April 11, 2022 AggregatedNews Policy & Legal 0 Comments Senate Majority Leader Charles Schumer (D-N.Y.) is facing significant obstacles in his legislative push to legalize marijuana, with resistance from Republicans and members of his own party threatening chances of passage in the upper chamber. Schumer has said that his aim is… Read More→
Cannabis banking legislation passes House. Booker and other advocates have equity concerns. February 7, 2022 AggregatedNews Banking, Finance & Real Estate 0 Comments Legislation allowing banks to offer credit cards, checking accounts and other financial services to legal cannabis businesses passed the U.S. House Friday, the sixth time that the Democratic-controlled chamber approved such a measure. The Secure and Fair Enforcement, or SAFE Banking… Read More→
Senate Democrats split over legalizing weed April 22, 2021 AggregatedNews Federal 0 Comments Several Senators opposed to Majority Leader Chuck Schumer's legalization push. Senate Majority Leader Chuck Schumer's biggest challenge to legalizing marijuana is his fellow Democrats. The New York Democrat has repeatedly promised a vote on cannabis reform, promising to tee it… Read More→
What is the future of legal marijuana in Florida? December 8, 2020 AggregatedNews Florida 0 Comments The U.S. House of Representatives on Friday voted to decriminalize marijuana. Most Democrats supported the bill that would enact that change. Most Republicans did not. The bill is unlikely to gain traction in the Republican-controlled U.S. Senate. Was Congress’ historic vote… Read More→
House of Representatives to vote on marijuana legalization bill December 4, 2020 AggregatedNews Policy & Legal 0 Comments The Democratic-controlled House of Representatives is set to vote on marijuana legalization at the federal level Friday, the first time either chamber of Congress has voted on the matter. The bill is likely to pass the chamber, but the Republican-controlled Senate is… Read More→
Cannabis legalization: Five highlights of the MORE Act and what you need to know about it August 27, 2020 Joe Caltabiano Federal, Spotlight 0 Comments Cannabis by Caltabiano Everyone knows the legal cannabis sector is seemingly unstoppable as an emergent business sector. Everyone also knows it is a business space in the U.S. that is defined by complex and challenging regulations and legalities that restrict… Read More→
Three Republicans Stand in the Way of Federal Weed Legalization July 29, 2019 AggregatedNews Policy & Legal 0 Comments There’s finally bipartisan support for cannabis legislation — but unless it can get past a small group of Republican senators, the bills will continue to fizzle The Capitol Hill Club sits kiddy-corner from Cannon House Office building in downtown Washington,… Read More→
Congress can solve the cannabis banking conundrum now July 19, 2019 AggregatedNews Banking, Finance & Real Estate 0 Comments With the number of states legalizing cannabis continuing to grow, it’s understandable that Americans with differing views would want to debate whether it’s time to reform the nation’s marijuana laws. As representatives of the credit union and banking industries, we aren't focused… Read More→
Senators Vote To Block Marijuana Banking Amendment June 27, 2018 AggregatedNews Banking, Finance & Real Estate 0 Comments A powerful U.S. Senate panel has moved to block an amendment to let marijuana businesses store their profits in banks. In a 21 - 10 vote, the Senate Appropriations Committee tabled an amendment on Thursday that would have shielded financial institutions that open accounts for cannabis… Read More→