Analysts See Senate Joining House on Marijuana Banking Law September 29, 2019 By Felice Maranz A stronger-than-expected 321-103 vote in the House in favor of the Secure and Fair Enforcement Banking Act, which allows banks...
House Passes SAFE Marijuana Banking Bill by Big Margin September 26, 2019 By Elizabeth Dexheimer The U.S. House advanced legislation designed to let banks do business with cannabis companies in states that permit marijuana sales,...
House Committee Passes Bill to Protect Banks, Insurers Serving Marijuana Businesses March 29, 2019 By Andrew G. Simpson A House committee has advanced a bill to protect financial institutions from criminal prosecution for providing services to legal marijuana...
Bipartisan Senators Look to Address Banking Risk for Marijuana Industry May 18, 2017 By Lisa Lambert Republican and Democratic senators on Wednesday renewed their drive to make banking easier for marijuana-based businesses in those U.S. states...
Lloyd’s Stops Insuring Marijuana Firms Due to U.S. Law Conflicts June 24, 2015 By Amy O'Connor Lloyd’s of London has stopped insuring marijuana industry firms of any kind due to conflicts between federal and state laws...
Banks Keep Distance from Marijuana Business and Its Unbanked Billions May 12, 2015 By Keri Geiger, Jesse Hamilton and Elizabeth Dexheimer The U.S. government has opened a new line of business for America’s biggest banks, and for once they don’t want...