SAFE Banking Act

Halloween is prime spooky season, but for most investors, all of 2022 has been quite scary. Stocks across the board have taken substantial hits this year, with cannabis particularly affected. Cannabis' surging pandemic performances have been dashed mostly. Now, Fed uncertainty looms while...

Many industry experts believe that federal cannabis legalization is inevitable. Everything seems to be pointing in that direction, although, they also agree that it's not happening any time soon. Even with Biden’s recent cannabis pardons action. Marijuana activists seem to have...

With the end of Congress' session just around the corner, marijuana advocates, stakeholders and lawmakers continue to push for marijuana banking policy change. This time, Colorado Gov. Jared Polis (D) joined forces with Lt. Gov. Dianne Primavera (D), Attorney General Phil Weiser (D), Treasurer...

A majority of U.S. voters support federal marijuana legalization, a new Morning Consult/Politico survey shows. The poll, conducted from Sep. 30 to Oct. 2, 2022, asked a representative sample of 2,005 registered voters if they would like to see cannabis legalized on the federal level...

Cantor Fitzgerald’s analyst Pablo Zuanic, who recently met with lawmakers in the nation's capital said congressional leaders are poised to pass banking legislation for the cannabis industry in the upcoming elections. According to Zuanic, the marijuana industry may not have to...

Members of the National Cannabis Industry Association (NCIA), the oldest and largest trade association serving the industry, spent two days lobbying on behalf of the SAFE Banking Act, which would provide cannabis companies access to traditional banking services, reported the...

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...

Recently, Sen. Jeff Merkley (D-OR), the sponsor of the independent Safe and Fair Banking (SAFE) Act, discussed the so-called "SAFE Banking Plus" bill at the Payments, Banking, and Compliance (PBC) Conference. According to sources, it "is nearing completion after bicameral and...

Last month, a long-awaited U.S. Senate legislation that would decriminalize and deschedule cannabis on the federal level, while also promoting social equity, was unveiled. Known as the Cannabis Administration And Opportunity Act (CAOA) — by Senate Majority Leader Chuck Schumer, Senators...

Weeks after the long-awaited marijuana decriminalization Senate bill was presented, it has faced a lot of criticism, mostly for its complexity. Many industry experts, such as Cantor Fitzgerald’s Pablo Zuanic and Emily Paxhia, co-founder of one of the longest-running...

This was a very challenging year for pot stocks. Year-to-date, AdvisorShares Pure US Cannabis ETF (ARCA:MSOS) dropped 54.01%, AdvisorShares Pure Cannabis ETF (ARCA:YOLO) declined 57.46%, compared to SPDR S&P 500 (ARCA:SPY) which lost 13.61%.  Looking into...

On Wednesday, Rep. Ed Perlmutter (D-CO), Rep. Earl Blumenauer (D-OR), and Sen. Jeff Merkley (D-OR) joined Steven Hawkins, CEO of the U.S. Cannabis Council, for a briefing about marijuana banking reform. The event counted with the participation of Dennis Brown, whose son Jordan, was...

The Senate Judiciary Subcommittee on Crime and Terrorism, chaired by Sen. Cory Booker (D-NJ), held a hearing on Tuesday titled “Decriminalizing Cannabis at the Federal Level: Necessary Steps to Address Past Harms.” The meeting came on the heels of last week’s presentation...

What sets veterans apart from all the others not having access to medical marijuana? The system. Veterans obtain their healthcare via the Department of Veterans Affairs (VA), which is a federal agency. As a federal agency, the VA is not allowed to recommend or prescribe a substance that is...

A long-awaited U.S. Senate legislation that would decriminalize and deschedule cannabis on the federal level, while also promoting social equity, has finally been unveiled. What Happened: The bill from Senate Majority Leader Chuck Schumer, Senators Ron Wyden, and Cory Booker...