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Tag: SAFE Act

US Cannabis Legalization in the 2024 Election

US cannabis legalization in the 2024 election? Will Joe Biden and the Democrats make cannabis reform a significant part of their re-election platform?With the...

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True or False – The SAFE Banking Act Has the 10 Republican Votes Needed to Pass the Cannabis Banking Bill?

The issue of marijuana banking has been a longstanding concern within the cannabis industry. Despite previous bipartisan support in the House of Representatives, the...

House Welcomes, Senate Warms Up to New SAFE Banking Act

WASHINGTON D.C. – Congressmembers are sending positive signals about a modified version of a federal banking bill that would benefit the cannabis industry. The...

Cannabis Industry Faces Sobering 2023

Without much meaningful development concerning legalization efforts in 2022, many sobering themes likely will carry over into 2023.Layoffs will persist, and continued price compression and competition...

What Went Right, What Went Wrong, And What Went Sideways: 2022 In Cannabis

By John SchroyerThe past 12 months have been many things for the cannabis industry, but uneventful is not one. Since December 2021, the U.S....

Schumer Blames McConnell And GOP For Exclusion Of Cannabis Banking Act From $1.7T Spending Bill

By Maureen MeehanWhen the Secure and Fair Enforcement (SAFE) Banking Act was excluded from Monday’s omnibus appropriations legislation, Senate Majority Leader Chuck Schumer (D-NY) laid the...

Senator Booker Joins Cannabis.net in Blasting Emperor McConnell for Halting Marijuana Legalization in America

Cory Booker, a senator from New Jersey, believes that Mitch McConnell, the leader of the Senate minority, significantly influences his colleagues' decisions to vote...

Analysts Try To Stay Hopeful On SAFE Act

This article originally appeared on Green Market Report and has been reposted with permission.The cannabis banking bill, the SAFE Act, did not make it into...

A Pennsylvania Bill Could Ease Cannabis Banking In The State

By Joana Scopel A Pennsylvania General Assembly bill would protect banks, credit unions, and insurance companies that do business with legal cannabis companies in their state. Bill 331 amends Title 12, Commerce and...

The CLIMB Act Would Greatly Expand Access to Financial Services

WASHINGTON – The Capital Lending and Investment for Marijuana Businesses (CLIMB) Act was introduced Thursday by U.S. Congressmen Troy A. Carter, Sr. (D-LA) and...

Bipartisan Senators Urge Congressional Leaders To Enact Marijuana Banking Legislation

By Jelena MartinovicAbout a quarter of voting members of the U.S. House have joined forces to urge congressional leaders to enact marijuana banking provisions into...

Arizona Sells over $1,400,000,000 Worth of Cannabis in the First 12 Months of Legalization

Arizona is following the precedent of other legal states by shattering records only a year into establishing a legal cannabis industry. The Grand Canyon state has set a new record by making total sales worth about $1.4 billion during the first year of sales. Residents did not waste much time before settling comfortably into the budding recreational industry.

MItch McConnell Hates Weed, Get Over It! – Senator Calls Safe Banking Act a Poison Pill in Latest Anti-Pot Rhetoric

Mitch McConnell sounds convinced that the SAFE Banking Act is not the right call for now. According to the Senate Minority Leader, the cannabis banking measure is basically going to promote irresponsible consumption of weed among adult Americans. In his words, the bill will only help Americans get stoked on pot.

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