Tag: cannabis banking bill


Senate banking chair ‘not ready to move’ on pot banking bill

April 23, 2021

Via: Banking Dive

Republicans have historically been the holdouts when it comes to backing cannabis legislation in Congress. With Democrats now in control of the Senate, SAFE Banking proponents are optimistic the bill could become law this year. The push among some party […]

Activity, Corporate Banking

House lawmakers reintroduce cannabis banking bill

March 19, 2021

Via: Banking Dive

The banking industry has largely been reluctant to service the cannabis sector because of pot’s classification as a Schedule 1 drug, forcing many marijuana- related businesses to deal primarily in cash. Cannabis reform advocates say the cash-only nature of the […]