SAFE Banking Act

It’s time for the federal government to address cannabis legalization as the 118th Congress gets underway. That's according to Rep. Earl Blumenauer who, during a virtual media briefing on Wednesday, discussed the latest developments in cannabis policy. “I want this to be the last...

On Wednesday, a panel of experts at the Benzinga Cannabis Capital Conference discussed the issue of the IRS code 280E, which prohibits the marijuana industry from taking federal deductions. This limitation prevents cannabis companies from benefiting from key tax deductions in their federal...

The U.S. is closer now than ever before to cannabis legalization as supporters continue to make progress on reform. Two cannabis advocates in Congress highlighted some of the recent traction, as well as their approach to rectifying cannabis legislation, Tuesday at the Benzinga Cannabis...

Cowen Group has discontinued coverage of the cannabis sector following its acquisition by TD Bank Group (TSX: TD) (NYSE: TD) on Wednesday. "Post Cowen's acquisition by TD, we are no longer covering securities relating to US multi-state operators in the cannabis sector a spokesman for...

Senate Democrats are not giving up on marijuana banking reform. Majority Leader Charles Schumer (D-NY) met Wednesday with several other Democratic senators to “ponder the path” that would push cannabis legislation toward approval in this Congress...

According to data recently released by Maine's Office of Cannabis Policy,  recreational cannabis retailers reported nearly 2.5 million sale transactions, totaling $158.9 million. This movement nearly doubled 2021’s sales of $82 million. Last year’s sales also...

A full decade after Washington State legalized adult-use cannabis, the industry is still dealing with the lack of access to banking, which among other inconveniences forces dispensaries and weed shops to handle all of their business in cash only making them targets for robberies and violent crime....

By Gia Morón A perfunctory bank form letter threw our small business into chaos. We were told our account would be closed and our funds returned in 30 days. To add salt to the wound, the bank said no explanation was forthcoming. The decision was final. We were shocked.  Companies like...

Starting January 2023, Euroclear will reportedly no longer support trades of cannabis stocks. One of the world's largest financial clearing houses collaborating with the majority of the 50 largest banks worldwide, informed investors about its decision last week, reported BusinessCann. UK...

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...

House lawmakers delayed coming to a long-awaited decision on whether to consider a series of cannabis reforms as part of a large-scale defense bill, citing disagreements over several key unresolved issues, reported Marijuana Moment. Meanwhile, the offices of several...

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...

International brewers are attracted to the prospects of the burgeoning cannabis industry. Check out these global brewers, each one paying dividends and exploring the cannabis market. Also Read: Molson Coors Says Farewell To Cannabis And Its Partnership With HEXO, Here's Why Molson Coors...

Last week, U.S. Senate Majority Leader Chuck Schumer met with Senate Banking Chairman Sherrod Brown (D-Ohio), Sens. Steve Daines (R-Montana) and Jeff Merkley (D-Oregon), among other legislators, to talk about the SAFE Banking Act. Lawmakers said they were making an effort to find common...

Last week Missouri legalized recreational cannabis and become the first state in the nation where voters approved a program for the automatic expungement of prior marijuana convictions. With the legalization bill, which won by a comfortable margin, the is state expanding ...