SAFE Banking Act News

Cannabis Industry: More Regs Will Help Address Vaping Crisis

In the midst of a vaping crisis that has gripped the nation’s cannabis industry what is needed most right are more regulations. Believe it or not, that was a message from the industry itself. A group of expert panelists speaking …

Colorado Banks Quietly Serving Cannabis Industry

Colorado’s cannabis industry has had a chief request since marijuana was legalized: Give us access to banks. But it turns out that hundreds of the state’s pot businesses are already working with financial institutions under the close watch of federal …

High Hopes, Higher Hurdles for Pro-Cannabis SAFE Banking Act

Regardless of the odds facing a bill designed to enable regular banking and financial services for cannabis business, some experts are encouraged by passage through the House of something that would greatly benefit the insurance and cannabis industries. The U.S. …

The Politics Behind the Push for a Federal Marijuana Business Banking Law

Senator Jeff Merkley once shadowed a cannabis grower and dispenser as he tried to pay his state taxes. He stuffed a backpack with $70,000 in $20 bills and drove 50 miles — unguarded — with the bulging bag in the …

House Committee Passes Bill to Protect Banks, Insurers Serving Marijuana Businesses

A House committee has advanced a bill to protect financial institutions from criminal prosecution for providing services to legal marijuana businesses. The House Financial Services Committee voted 45 to 15 in favor of the SAFE Banking Act, which promises to …