SAFE Banking Act Archives

John SchroyerJanuary 2, 2024

2024 will present opportunities and challenges for cannabis operators.

John SchroyerNovember 15, 2023

Politics and lawsuits, however, are shifting how social equity might be implemented.

StaffSeptember 27, 2023

The Daily Hit is a recap of the top financial news stories for Sept. 27, 2023. On the Site SAFER Banking Act Approved by Senate Committee A revamped version of the SAFE Banking Act – now known as the SAFER Banking Act – sailed out of a Senate committee on Wednesday with a 14-9 vote. […]

John SchroyerSeptember 27, 2023

The future of the bill remains an open question.

StaffSeptember 20, 2023

The Daily Hit is a recap of the top financial news stories for Sept. 20, 2023. On The Site Cannabis Stocks Pop on News of SAFER Banking Act Marijuana stocks shot up Wednesday after news broke that the SAFE Banking Act had been rewritten as the SAFER Banking Act, breathing new life into federal cannabis reform just weeks […]

John SchroyerSeptember 20, 2023

The bill, which has bipartisan support, is slated for a hearing in the Senate Banking Committee next week.

John SchroyerSeptember 19, 2023

A record number of banks, credit unions and financial institutions are providing services to state-legal cannabis companies, according to recent statistics from the U.S. Treasury Department. The agency’s Financial Crimes Enforcement Network – which tracks suspicious activity reports (SARs) filed by banks, and thus calculates the minimum number of banks working with marijuana companies – […]

John SchroyerSeptember 8, 2023

The political winds may have turned in favor of federal reform.

StaffMay 16, 2023

The Daily Hit is a recap of the top financial news stories for May 16, 2023. On the Site PharmaCann Store Workers Get 20% Raises in First Contract More than 100 unionized workers at five Illinois cannabis stores owned by PharmaCann have approved a deal that will give them 20% raises over three years. Teamsters […]