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Washington US senator co-sponsors federal bill allowing dispensaries to open bank accounts

The SAFER Banking Act could prevent robberies at cannabis retailers in Oregon, Washington and nationwide.

Washington , United-states , Portland , Oregon , Earl-blumenauer , Ron-wyden , Jeff-merkley , Maria-cantwell , Cannabis-commission , Fair-enforcement-regulation-banking-act , Congressional-cannabis-caucus , Senator-merkley

'Quite a journey': Cannabis banking bill clears Senate committee

A cannabis banking bill cleared a Senate committee for the first time ever on Wednesday morning. The Secure and Fair Enforcement Regulation (SAFER) Banking Act provides a safe harbor for legal state-level marijuana dispensaries and growers to access federally-regulated banks and credit unions that have been wary of the persistent federal ban. Sens. Jeff Merkley…

Ohio , United-states , American , Reese-xavier , Sherrod-brownd-ohio , Mjbiz-factbook , Steve-dainesr-mont , Chuck-schumer , Kevin-cramer , Department-of-health , American-bankers-association , Human-services

Senate committee advances marijuana banking bill

While full federal legalization of marijuana is likely a ways off, advocates continue to chip away at hurdles for the industry. On Wednesday, the U.S. Senate Committee on Banking, Housing and Urban Affairs approved the Secure and Fair Enforcement Regulation Banking Act in a bipartisan vote, sending it to the full Senate for approval. The […]

California , United-states , Steve-daines , Kyrsten-sinema , Jeff-merkley , Rachel-levine , Cynthia-lummis , Anne-milgram , Us-senate-committee-on-banking , California-department-of-cannabis , Drug-enforcement-administration , Senate-majority-leader-chuck-schumer

SAFE Banking Act Hits a 'Sweet Spot': This Week in Cannabis Investing

A committee vote on the SAFE Banking Act, which aims to improve cannabis companies' access to finance, is expected next week. The SAFE Banking Act is back in focus as senators prepare to take the next step down the long, 10-year path of cannabis federal banking reform. Members of the Senate Banking Committee have reportedly reworked key sections of the Secure and Fair Enforcement (SAFE) Banking Act and found a "sweet spot" that allows for a public markup of the proposed bill. More specifically,

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