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Cannabis Banking: The SAFE Banking Act 2 0 s Status, Key Modifications, and Prospects | K&L Gates LLP

Introduction In September 2019, the U.S. House of Representatives passed the “Secure and Fair Enforcement (SAFE) Banking Act of 2019”, 1 the first stand-alone cannabis legislation to be approved by the House of Representatives. Earlier this month, revised versions of the bill were introduced in the House and Senate “to reform federal cannabis laws and reduce the public safety risk in communities across the country.” 2 Current Status Representatives Ed Perlmutter (D-CO-7), Nydia Velázquez (D-NY-7), Steve Stivers (R-OH-15), and Warren Davidson (R-OH-8) introduced the “SAFE Banking Act of 2021” 3 on 18 March. To-date, they have recruited an additional 120 co-sponsors, including 16 additional Republicans. In the 116th Congress, the bill had 202 additional co-sponsors, including 25 additional Republicans, and was approved by a vote of 321-103 (including 102 Republicans).

Does Legal Cannabis Retail Push Out the Black Market?

Does Legal Cannabis Retail Push Out the Black Market?
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Parallel Expands into Illinois Cannabis Market with Agreement to Acquire Windy City

Parallel Expands into Illinois Cannabis Market with Agreement to Acquire Windy City Transaction extends Parallel s strategic footprint to six states, concentrated in highly populated, limited license markets throughout the U.S. News provided by Share this article Share this article ATLANTA and WEST PALM BEACH, Fla., April 1, 2021 /PRNewswire/  Parallel, one of the largest privately-held multi-state cannabis operators in the United States (U.S.), today announced it has entered into a definitive agreement to acquire, in a cash and stock transaction, certain operations of Windy City Cannabis, comprised of Posen Dispensary Holding Company, LLC, Homewood Holding Company, LLC, Homewood 2 nd Site Holding Company, LLC, Posen 2

MSO Parallel Enters Illinois Cannabis Market with $100 Million Acquisition – New Cannabis Ventures

MSO Parallel Enters Illinois Cannabis Market with $100 Million Acquisition – New Cannabis Ventures
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