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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…
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 […]
Canadian cannabis companies are cheering a Senate committee's decision today to push forward with easing federal financing restrictions on the U.S. industry.
Cannabis multi-state operators (MSOs) are hopeful marijuana banking reform is on the horizon after the legislation cleared a key hurdle on Wednesday....
Some financial institutions in Montana have already treaded slowly into the enterprise of state-level cannabis.