cannabis banking reform

Senate Majority Leader Chuck Schumer (D-N.Y.) vowed Wednesday that lawmakers will "hit the ground running" in 2024, prioritizing bipartisan progress on key issues like marijuana banking reform though he acknowledged it won't be easy. Wrapping up the chamber's 2023 legislative...

Several entities have included the Secure and Fair Enforcement Regulation (SAFER) Banking Act on their lobbying disclosures for the third quarter of 2023. In an analysis of new Congressional lobbying disclosures, a NY-based outlet found that Bank of America (...

Sen. Steve Daines (R-MT), co-sponsor of the bipartisan cannabis banking bill, says the Secure and Fair Enforcement Regulation (SAFER) Banking Act will remain on hold until there's more certainty of its acceptance in the GOP-controlled House of Representatives. Daines made the...

The Senate Banking Committee approved the Secure and Fair Enforcement Regulation (SAFER) Banking Act Wednesday, marking a regulatory milestone that has been in the works for nearly a decade. The bill is crafted to enable legal cannabis businesses access to banks and...

The National Conference of State Legislatures (NCSL) is calling on Senate Majority Leader Chuck Schumer (D-NY) and Senate Minority Leader Mitch McConnell (R-KY) to take action on the cannabis banking reform.  Tim Storey, chief executive officer of the NCSL sent a...