Cannabis Banking Bill

Over the past several years, the US cannabis industry has experienced many important milestones. Among the important ones are the 24 states to date have legalized adult-use cannabis and some 40 states that have launched medical marijuana programs, President Biden’s pardon...

U.S. cannabis stocks jumped Wednesday following the Senate Banking Committee approval of the Secure and Fair Enforcement Regulation (SAFER) Banking Act before pulling back.  Such companies as Canopy Growth Corp (NASDAQ: CGC), Cronos Group Inc (NASDAQ: CRON),...

The Senate Banking Committee has officially scheduled a vote on cannabis banking reform for Sept. 27. The long-awaited reform  regarding how legal marijuana companies can access financial services, which started and stalled for years in Congress, will finally move ahead...

In his weekly Dear Colleague letter, Senate Majority Leader Chuck Schumer (D-NY) renewed his call to pass a cannabis banking bill before the legislative period runs out. "In the remaining months of this year, we also have an opportunity to advance legislation on a number of...

Schumer: We're Still Working On Cannabis Banking Bill Lawmakers are still trying to push for the passage of a bipartisan cannabis bill, Senate Majority Leader Chuck Schumer said Wednesday.  Any action on the Secure and Fair Enforcement (SAFE) Banking Act will postpone for another...

New Jersey Senator Cory Booker thinks that Senate minority leader Mitch McConnell is significantly impacting his Senate colleagues to oppose passing any cannabis-related bills in the lame-duck session. Last week, McConnell revealed he was pleased that the final version of the National Defense...