SAFER Banking Act

The U.S. Treasury Department has released its quarterly report, revealing that last year, over 830 financial institutions nationwide have officially acknowledged relationships with state-licensed cannabis businesses. According to a report from the National Organization for the Reform of Marijuana...

As the cannabis industry stands on the brink of potential federal rescheduling, the implications for banking access and financial operations are becoming a central focus. During an exclusive interview with Benzinga, Kevin Hart, founder and CEO of Green Check Verified, shared his thoughts on how...

Rep. Chuck Edwards (R-NC) is seeking to strip cannabis banking protections from the 2025 Financial Services and General Government (FSGG) appropriations bill. During a subcommittee markup session on Wednesday, Edwards voiced strong opposition to section 134, which would safeguard financial...

Two armed men, along with their getaway driver, were arrested this week for robbing a courier who was transporting over $436,000 from multiple cannabis dispensaries in Massachusetts.   The perpetrators intercepted the courier, sprayed him in the eyes with pepper spray and then made off with the...

The latest American Bankers Association (ABA) poll shows that roughly two-thirds of Americans (63%) support allowing cannabis companies full access to banking services, with only 17% in opposition, signaling a clear public mandate for Congress to reconcile state and federal law discrepancies...

Uber Technologies (NYSE: UBER) has emerged in the area of federal marijuana lobbying, as reported by Marijuana Moment. The company is has shown interest in the Secure and Fair Enforcement Regulation (SAFER) Banking Act, marking its first foray into federal marijuana advocacy. The banking...

Despite a challenging year for the cannabis sector in 2023, Boris Jordan, founder and executive chairman of Curaleaf Holdings Inc (OTCQX:CURLF), expressed optimism for 2024. “2023 was a terrible year for the sector,” Jordan admitted, citing slower growth and regulatory hurdles. Key...

In a three-hour Senate Banking Committee hearing on Wednesday, US. Sen. Raphael Warnock (D-GA) asked eight CEOs of the biggest banks in the country to raise their hands if they support the SAFER Banking Act. Only Brian Moynihan, CEO and chairman of Bank of America (...

Third-quarter earnings have been released for all companies in the Viridian Chart of the Week. Equity prices have had an opportunity to react to the news (or not).  The orange line in the chart shows the EV/ 2024 Consensus EBITDA estimates—the enormous range from 1.63x for Cansortium...

Senate Majority Leader Chuck Schumer (D-NY) is actively pursuing a bipartisan marijuana banking bill and intends to incorporate "criminal justice provisions" into it. In a letter addressed to Todd Harrison, an investor in the cannabis industry, Schumer expressed his plan to integrate...

A Volatile Shift in Cannabis Markets In the wake of a significant uptick in U.S. cannabis equities in September, October witnessed a stark reversal, plunging many cannabis companies back to their pre-HHS announcement valuations. Scott Fortune, the lead analyst at Roth MKM attributes this volatility...

This article was originally published on The Fresh Toast and appears here with permission. As it reaches a tense 3-week mark to find a Speaker for the US House, perhaps everyone can chill and support marijuana The US House of Representatives seems to be struggling to find a Speaker.  Since...

This article was originally published on The Fresh Toast and appears here with permission People are consuming more marijuana than ever, but the industry is still suffering significant growing pains. As the industry expands, bad players are being weeded out but New York and California...

The cannabis industry has had its fair share of trials and tribulations over the past few years. Following the recent the Department of Health and Human Services's (HHS) recommendation regarding marijauna rescheduling and legislative develipment related to SAFER Banking Act, one cannot...

This article was originally published on The Fresh Toast and appears here with permission The GOP and Biden aren’t concerned about small businesses…or your wallet Having a 40 hour a week job and working hard should not be a reason you are flagged to not get a car loan. Building a legal...