September 27, 2023
Via: Banking DiveIn a historic move, the Senate Banking Committee on Wednesday approved a bill that would make it easier for banks to serve state-legal cannabis businesses, positioning the legislation for a potential vote in front of the full Senate. Committee members […]
December 20, 2022
Via: Banking DiveThe SAFE Banking Act was excluded from the $1.7 trillion government funding bill, sources told Bloomberg, Politico and Marijuana Moment on Monday — meaning the perennial cannabis banking reform measure will have to be reintroduced during the next congressional session, […]
October 7, 2022
Via: Banking DivePresident Joe Biden on Thursday announced an executive action to pardon all prior federal offenses of simple possession of marijuana, and encouraged governors to follow suit with regard to state offenses. And in what is largely seen as a major […]
June 24, 2022
Via: Banking DiveDespite passing in the House six times, most recently as part of the House version of the manufacturing bill, SAFE Banking has yet to see similar traction in the Senate. The legislation has garnered wide support from cannabis industry advocates […]
May 2, 2022
Via: Bank DirectorThe legal cannabis industry is growing exponentially each year, creating extraordinary opportunities for financial institutions to offer services to this largely underbanked, niche market. Revenue from direct marijuana businesses alone is expected to exceed $48 billion by 2025, part of […]
October 15, 2021
Via: Bank DirectorThe cannabis industry is growing exponentially, and nationwide sales are estimated to exceed $30 billion in 2022. This growth comes with extraordinary opportunities for banks to offer services to the still largely unbanked and underbanked cannabis industry. Board members and […]
March 26, 2024
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