Posts in Banking Law.
Will the federal SAFE Act, which would allow cannabis businesses to access traditional banking services, win Congressional approval before one its biggest supporters leaves office later this year?
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Cryptocurrency payment networks could revolutionize cannabis industry and pressure federal government to allow traditional financial institutions to service the market.
With the SAFE Banking Act now pending in Congress, financial institutions would do well to begin considering the necessary due diligence to potentially service the cannabis industry.
While banks remain on the cannabis industry sideline, a letter to Congress by state attorneys generals could soon change that.
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Recent Updates
- ‘Free the Weed’ – Detroit City Council Approves Long-Awaited Recreational Cannabis Ordinance
- Hope Springs Eternal for the SAFE Banking Act
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- Will SAFE Banking Act Rescue Cannabis Industry From Lack of Access to Financial Services?
- Cannabis Smoke Signals from the United States Supreme Court
- Can Zoning Ordinances Stunt Cannabis Growth?
- Biden, Democrats Reject Cannabis Legalization for Party Platform but Back Decriminalization
- Michigan Regulatory Agency Updates COVID-19 Guidance for Cannabis Industry
- Michigan Requires Cannabis Businesses to Operate in Manner That Limits Spread of COVID-19
- Federal COVID-19 aid to Currently ‘Essential but not Eligible’ Cannabis Businesses may be Forthcoming