Cannabis Banking

The fate of the Secure and Fair Enforcement Regulation (SAFER) Banking Act hangs in the balance. Just how likely is it to become law this year? A recent survey of congressional staffers reveals intriguing insights. Doubts Loom Over Marijuana Banking Bill A survey conducted by Punchbowl News'...

Green Check, a fintech provider of compliant cannabis solutions and services to financial institutions, has partnered with Affinity Federal Credit Union. This partnership empowers Affinity to grow its cannabis banking program and broaden its reach to the legal cannabis-related business (CRB)...

Senator Chuck Grassley (R-Iowa) joined the GOP effort to undermine the passage of a marijuana banking bill. One day after Wednesday's historic passage of the SAFE Banking Act, Grassley sent a letter to Senate Majority Leader Chuck Schumer (D) questioning his...

Here's What The California Cannabis Law Will Look Like If Gov. Newsom Signs Pending Bills Governor Gavin Newsom has until mid-October to sign or veto several measures that seek to amend the cannabis law in the state, writes Marijuana Business Daily. Senate Bill 51 from Los Angeles Democrat...

US Senators will vote on a cannabis banking reform bill on Wednesday that will drastically change the landscape for what has become a billion-dollar industry that has never had access to banking, credit, financial institutions, or tax advantages. This could all change if the ...

Sen. Sherrod Brown Shares High Hopes For Cannabis Banking Bill Senate Banking Committee Chairman Sherrod Brown (D) recently shared his enthusiasm for the advancement of the revised Secure and Fair Enforcement Regulation (SAFER) Banking Act. A bipartisan cannabis banking bill is scheduled...

The revised cannabis banking bill with an updated title and several new provisions related to federal financial regulations, guidance and reporting requirements was introduced in the Senate on Wednesday. The Secure and Fair Enforcement Regulation (SAFER) Banking Act, sponsored by...

If the cannabis industry wants to survive intact, it needs to come together, democratize and hang on to its collective hat because it could be bumpy a ride, Todd Harrison, founding partner and CIO at the cannabinoid-focused investment firm CB1 Capital told Benzinga CEO...

As the Senate returns from August recess, Majority Leader Chuck Schumer (D-NY) reiterated his commitment to the Secure and Fair Enforcement (SAFE) Banking Act and other cannabis reforms as an Oct. 1 government shutdown looms. Warning that demands from the far-right House Freedom Caucus, which...

Green Check Verified, a fintech connector, technology, and insights provider in the emerging cannabis market, has partnered with PFCU, a community-based credit union with 13 locations in Michigan. This partnership empowers PFCU to expand its cannabis banking offering to legal cannabis businesses...

Could our worst fears be true, that SAFE will be DOA again on the floor of the Senate? Welcome to Trade to Black, and in this podcast, lead financial writer Benjamin Smith and millennial entrepreneur Anthony Varrell join host Shadd Dales to discuss SAFE banking, the markup vote, and Section 10....

A Republican senator stopped short of saying his colleague, Majority Leader Chuck Schumer (D-NY) was dabbling in magic realism, the style created by the late Colombian novelist Gabriel Garcia Marquez, which paints a realistic view of the modern world while adding...

Remember when New York-based Signature Bank (OTCPK: SBNY) became the third financial institution to collapse following the demise of Silicon Valley Bank and Silvergate Capital Corp? This led to some unexpected, if ironic, consequences...the ...

Illinois-based Credit Union 1 (CU1) is strengthening its cannabis banking services by teaming up with leading cannabis banking technology providers, Green Check Verified (GCV). GCV, a fintech provider specializing in compliant cannabis solutions, announced that CU1 has joined its cannabis financial...

By Sahar Ayinehsazian, Hon. Ed Perlmutter and J. Devoy Dubuque Prior to its sudden shutdown, Silicon Valley Bank had a reputation for serving start-ups and entrepreneurs. Amongst its lesser-known clientele were cannabis-related businesses, which have long struggled with access to depository and...