John SchroyerJuly 10, 2023
Chicago Atlantic's Peter Sack talked with GMR about the strategy behind the investment.
Tag: banking
John SchroyerJuly 10, 2023
Debra BorchardtDecember 7, 2022
Adam JacksonAugust 17, 2022Lev, a commercial real estate (CRE) financing platform, said it completed more than $40 million in cannabis CRE loans across five different sponsors, with an additional $50 million in the pipeline. The news comes as cannabis are increasingly struggling to find funds to back their ventures amid a tightening environment – stymied by a lack of federal banking […]
Gretchen GaileyJuly 15, 2021
Editors Note: This is an opinion piece. Wednesday afternoon Senate Majority Leader Chuck Schumer (D-NY), Senate Finance Committee Chairman Ron Wyden (D-OR) and Sen. Cory Booker (D-NJ) unveiled the discussion draft of their long-awaited cannabis legalization bill, the Cannabis Administration and Opportunity Act. The legislation would federally deschedule the plant, while allowing states to continue […]
Debra BorchardtApril 19, 2021
Cannabis legalization advocates must be feeling a sense a deja vu. Today, the House of Representatives approved legislation (again) that would provide safe harbor for financial service providers to work with cannabis businesses that are in compliance with state laws. Called the SAFE ACT, (Secure and Fair Enforcement) Banking Act, or H.R. 1996, was reintroduced […]
Video StaffOctober 11, 2019
Green Market Report’s special correspondent Emerson Brown gives his take on banking legislation for the cannabis industry.
StaffSeptember 26, 2019House Takes First Step Toward Federal Validation of the Marijuana Industry: Votes 321 to 103 to Pass the SAFE Banking Act In a showing of bipartisan support, the House of Congress voted 321 to 103 to pass the SAFE Banking Act. Of those voting yes, 229 were Democrats and 91 were Republicans. Unity amongst Democrats […]
Debra BorchardtSeptember 26, 2019
Editors Note: Readers can follow legislation AT NO COST on the website under the menu Legislation. On Tuesday, the U.S. House of Representatives approved the Secure and Fair Enforcement (SAFE) Banking Act 321-103. It was considered a historic event because this is the first standalone cannabis policy reform bill to ever reach a House floor […]
Debra BorchardtJuly 22, 2019
Next week, the Senate will be holding a hearing on July 23 by the Committee on Banking, Housing and Urban Affairs. The Senate is making a move following a House cannabis banking bill that cleared that chamber’s Financial Services Committee with a bipartisan vote in March. Readers can follow the action on that bill for free on […]
Caroline CahillApril 5, 2019
The CBD industry has been moving full steam ahead in 2019, bolstered by the 2018 Farm Bill and advancements on the federal level to ensure cannabis banking services, but that progress hasn’t been enough for some financial services institutions to continue working with the industry. On March 14, 2019, Elavon, a payment processing subsidiary of […]
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