Ed Perlmutter

For years, some if not most cannabis retailers have been obliged to employ a workaround to function within the restrictive system. Now, that is no longer an option.  Marijuana merchants have been relying on cashless ATMs to bypass limitations on the types of sales payment...

Senate Minority Leader Mitch McConnell is pleased that the final version of the National Defense Authorization Act (NDAA), which was unveiled on Tuesday, doesn’t contain marijuana banking reform. “Just as Republicans insisted, just as our service members deserve, this NDAA is...

Lawmakers opted not to put cannabis reform in the National Defense Authorization Act (NDAA) defense bill. This means that under the existing federal law, financial institutions are still not allowed to provide their services to marijuana businesses even in states with legal cannabis...

Banks that service legal cannabis businesses in New Jersey soon won't need to worry about being sanctioned under state laws. A bill seeking to provide them with protections is advancing through the state legislature, reported Marijuana Moment. On Monday, the Assembly Financial Institutions...

Rep. Ed Perlmutter (D-CO), believes that Congress will pass the Secure and Fair Enforcement (SAFE) Banking Act, citing signs that the Senate could finally move during the lame-duck session. Though he admits he’s been disappointed before. On Tuesday, the House sponsor of the cannabis...

The cannabis industry is growing exponentially, yet businesses are struggling to secure the funding necessary to start up and grow. "The reality is that there's very, very little new capital entering the space right now." That's according to Matt Hawkins, the founder and managing...

The National Association of State Treasurers (NAST) reaffirmed its support for the SAFE Banking Act, which would grant marijuana companies access to traditional banking services. Though NAST does not take a position on cannabis legalization, the bipartisan treasurers support...

Sponsors of the Secure and Fair Enforcement (SAFE) Banking Act recently discussed the urgency of enacting cannabis reform this session, reiterating the public safety imperative of providing the industry access to the financial system. Bipartisan and bicameral sponsors of banking reform said...

The sentiment among Republican voters regarding cannabis seems to be shifting, according to a new national poll. The survey conducted by Republican pollster Fabrizio, Lee & Associates on behalf of the National Cannabis Roundtable, found that the majority of GOP voters (73%) favor the...

Democrats are becoming more vocal about cannabis policy reforms as the midterms approach. They are urging President Biden to act on the issue. Pennsylvania Lt. Gov. John Fetterman recently called upon the President to deschedule marijuana from a Schedule I drug and work to decriminalize it,...

Senate Majority Leader Chuck Schumer (D-NY) remains firm in his stance that cannabis reform doesn’t lead to an increase in crime or drug use. “The overwhelming evidence from the states that have legalized cannabis is there has not been an increase in crime and has not been an increase...

Rep. Ed Perlmutter (D-CO), a House sponsor of a bipartisan marijuana banking reform bill, recently filed an amendment to the Fiscal Year 2023 National Defense Authorization Act (NDAA) which would include the Secure and Fair Enforcement (SAFE) Banking Act. The move follows a bipartisan...

Rep. Ed Perlmutter (D-CO), a House sponsor of a bipartisan marijuana banking reform bill, filed an amendment to the Fiscal Year 2023 National Defense Authorization Act (NDAA) last week that would be incorporated into the Secure and Fair Enforcement (SAFE) Banking Act. The move came after bipartisan...

Marijuana banking legislation will not be included in the final version of the United States Innovation and Competition Act (a/k/a The America COMPETES Act), bipartisan congressional members concluded, Punchbowl News first reported on Thursday. Even though the U.S. House of Representatives formally...

Senator Steve Daines (R-MT) continues to fight for cannabis companies to have access to banking services via the Secure and Fair Enforcement (SAFE) Banking Act, which has been approved by the House several times already. The GOP Senator released a video ad on Monday in which...