SAFE Banking Act

By Kevin Hart, CEO of Green Check Verified With consumers becoming more accepting of cannabis and social stigmas continuing to soften, political headwinds indicate that federal legalization could be on the horizon in the not-too-distant future. One bill, the SAFE Banking Act, offers a monumental...

Earlier this month, the U.S. House of Representatives formally attached a cannabis banking reform amendment to large-scale legislation dealing with innovation and manufacturing. Following the approval of the amendment from sponsor Rep. Ed Perlmutter (D-CO) on a voice vote as part of an 'en...

The U.S. House of Representatives formally attached a marijuana banking reform amendment to a large-scale bill dealing with innovation and manufacturing, marking the most recent development in the push to protect financial institutions that work with state-legal cannabis businesses. Marijuana...

Rep. Ed Perlmutter (D-Colo.) has attached the SAFE Banking Act, which would allow U.S. financial institutions to do business with legal cannabis entities, as an amendment to the America Competes Act. Perlmutter made the announcement in a Tweet Friday afternoon. "Cannabis-related...

The burgeoning recreational marijuana industry – illegal at the federal level yet legal for adults in some 18 U.S. states and DC – has faced multiple challenges throughout the years, mostly because of the Schedule 1 status of the cannabis plant.   The...

The latest version of Congress’s defense bill has left out a number of provisions that were in the House-approved National Defense Authorization Act (NDAA), including the much-anticipated marijuana banking reform known as the Secure and Fair Enforcement (SAFE) Banking Act....

Politicians, some of them, have finally decided to do something about the seemingly endless cannabis banking problem. Colorado Governor Jared Polis, Michigan Governor Gretchen Whitmer and 20 other state governors signed a letter demanding that Congress pass the Secure and Fair Enforcement...

Cannabis investment novices and aspiring market investors have quite a bit of sifting through as the myriad of potential investment opportunities continually grows. Two of the more frequently discussed cannabis stocks are Tilray Inc (NASDAQ: TLRY) and Cresco Labs Inc (OTC: CRLBF), with several...

Aphria Inc (NASDAQ: APHA), Curaleaf Holdings Inc (OTCQX: CURLF) and GrowGeneration Corp (NASDAQ: GRWG) made new all-time highs this year following the inauguration of President Joe Biden and renewed hopes for the SAFE Banking Act's chances in Congress.   Sentiment has begun to...

2019 was a hard year for cannabis stocks. As the industry struggled to start showing profitability, companies tried their best to strengthen their presence in the U.S. with a great wave of consolidation through M&A. Although the impressive market potential of cannabis remains undisputed,...

Benzinga is highlighting nominees for the fifth annual Benzinga Global Fintech Awards ahead of the event Nov. 19 in New York City. One nominee is Green Check Verified, a provider of regtech solutions for cannabis banking. Background Launched in 2017, the New England fintech provides dispensaries...

Last week, the U.S. House of Representatives voted 321-103 to pass the SAFE Banking Act, a measure aimed at bringing banking and financial services used by cannabis companies and dispensary operators out of the shadows and into the mainstream. What Happened It was a rare display of bipartisanship...

A vote in Congress to ease banking restrictions on cannabis companies is being praised for the possibility the legislation could make operating in the nascent industry much easier and more fair, and for the signal it sends that marijuana is moving toward establishment acceptability. The House...

In a pioneering vote on marijuana legislation, the House of Representatives passed the SAFE Banking Act Wednesday.  What Happened  The vote was 321-103 in favor of the bill. The bill needed a two-thirds majority to pass the House.  If passed by the Senate and signed by President...

There are a number of interesting events in the cannabis space to keep an eye on this week. Here is the breakdown. Senate Hearings On the legislative side, there will be two hearings where regulations regarding hemp and cannabis will be discussed. On July 23, the Banking, Housing and Urban Affairs...