House Members Pass Historic Legislation Legitimizing Retail Cannabis Sales

Generic 26 September 2019 | 0 Comments

Members of the House of Representatives voted 321 to 103 in favor of HR 1595: The SAFE Banking Act, which amends federal law so that explicitly banks and other financial institutions may work directly with state-legal marijuana businesses.  Two-hundred and twenty-nine Democrats and 91 Republicans cast ‘yes’ votes in favor of the measure. This historic […]

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Senate Banking Committee Holds Hearing On Cannabis Banking

Generic 23 July 2019 | 0 Comments

Earlier today, the Senate Banking Committee held a hearing on the SAFE Banking Act, which would allow financial institutions to engage in activities with state-legal cannabis businesses.  The hearing was entitled, “Challenges for Cannabis and Banking: Outside Perspectives.” Witnesses included Senators Cory Gardner (CO) and Jeff Merkley (OR) as well as the Chief Risk Officer […]

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