Bipartisan Senators File Marijuana Banking Bill As Trump's Rescheduling Move Advances

Bipartisan Senators File Marijuana Banking Bill As Trump's Rescheduling Move Advances

A bipartisan coalition of U.S. senators have filed a bill to protect banks from being punished for providing financial services to marijuana businesses. The Secure and Fair Enforcement Banking (SAFE) Act is intended to ease the cannabis industry’s access to financial services, which have been difficult to obtain for some businesses in the sector under ongoing federal prohibition. Led by Sen. Jeff Merkley (D-OR) and cosponsored by Sens. Lisa Murk…

President Trump Continues to Support Cannabis Banking Reform, Says Advisor

The Marijuana Herald - Marijuana news and information An advisor to President Trump tells The Marijuana Herald that the president continues to support federal cannabis banking reform, including newly filed legislation in the U.S. Senate. The longtime senior advisor said Trump “continues to support cannabis banking, including legislation filed today in the Senate.” The advisor also said Trump plans to publicly back the proposal, likely after the …

NCIA Applauds Reintroduction of SAFE Banking

WASHINGTON – The National Cannabis Industry Association (NCIA) applauded the reintroduction of the SAFE Banking Act June 25 in the 119th Congress. This bipartisan legislation would provide a safe harbor for financial institutions serving the state-licensed cannabis industry. As longtime champions of SAFE Banking, the bill’s reintroduction comes on the heels of NCIA’s 14th Annual Cannabis Industry Lobby Days, which brought dozens of advocates fro…

Bipartisan Senators File Marijuana Banking Bill As Trump’s Rescheduling Move Advances

A bipartisan coalition of U.S. senators have filed a bill to protect banks from being punished for providing financial services to marijuana businesses. The Secure and Fair Enforcement Banking (SAFE) Act is intended to ease the cannabis industry's access to financial services, which have been difficult to obtain for some businesses in the sector under ongoing federal prohibition. Led by Sen. Jeff Merkley (D-OR) and cosponsored by Sens. Lisa Murk…