-
Tennessee, Virginia Lawmakers Push For Cannabis Reform, Congressional Researchers Highlight Perils Of Cash-Only Transactions & More
Friday, February 9, 2024 - 1:50pm | 1082New Congressional Report Highlights Perils Of Cash-Only Transactions For Cannabis Industry Licensed state-legal cannabis businesses are facing significant challenges, due the the lack of banking access, suggested a report published by the Congressional Research Service (CRS) on Tuesday. "If...
-
Former Congressman Ed Perlmutter Joins Team Of Federal Policy Advisors At Cannabis Reform Advocacy Group
Friday, February 2, 2024 - 2:08pm | 591The National Cannabis Roundtable (NCR) announced on Thursday it added former Congressman Ed Perlmutter (D-Col.) to its roster of federal policy advisors who pushed for cannabis reform for years. Perlmutter joined former Sen. Cory Gardner (R-Col.), former U.S. Deputy Attorney General Jim Cole,...
-
How Does Cannabis Reclassification To Schedule III Differ From De-Scheduling & What Is Ideal Reform? Legal Expert Explains
Wednesday, December 6, 2023 - 1:09am | 1100Over the past several years, the US cannabis industry has experienced many important milestones. Among the important ones are the 24 states to date have legalized adult-use cannabis and some 40 states that have launched medical marijuana programs, President Biden’s pardon...
-
Poll: Majority Of Americans Support Cannabis Banking Reform And Are Happy With Their Banks
Tuesday, October 17, 2023 - 10:48am | 650A new survey conducted by Morning Consult on behalf of the American Bankers Association (ABA) from September 20-22, 2023 revealed that the majority of Americans are in favor of Congress passing a marijuana banking bill and are pleased with their banks. The cannabis banking bill, or...
-
SAFE Banking Act Headcount Challenge: Can It Reach 60 Votes in the Senate? Analyst Tally
Tuesday, September 19, 2023 - 12:37pm | 868Zuanic & Associates' latest report outlines a roadmap for the SAFE Banking Act in the US cannabis industry, emphasizing the significance of rescheduling, US exchange uplisting, and a potential "Cole Memo II" (Garland Memo) as more critical catalysts than the SAFE Act itself. Join...
-
GOP Congressman Confirms Upcoming Vote On Bipartisan Bill To End Pot-Related Ban Of Fed Workers
Monday, September 18, 2023 - 11:53am | 658James Comer (R), a chair of the House Oversight and Accountability Committee said late Friday that a vote on the Cannabis Users’ Restoration of Eligibility (CURE) Act will take place this Wednesday. The bipartisan bill, CURE Act was introduced by...
-
Cannabis Chart Of The Week: How Much Run Is Left In MSO Valuation Multiples?
Monday, September 11, 2023 - 2:18pm | 945The MSOS ETF (ARCA: MSOS) gained 69.4% between 8/25/23, five days before the blockbuster announcement of an HHS rescheduling recommendation to this past Friday, 9/8/23. Similarly, the EV/Next-Twelve-Month consensus EBITDA multiples for the group in the chart have increased by 27.5%....
-
Schumer Confirms Progress On Cannabis Banking Bill And More Regulatory Updates
Friday, July 28, 2023 - 12:59pm | 934Schumer: We're Still Working On Cannabis Banking Bill Lawmakers are still trying to push for the passage of a bipartisan cannabis bill, Senate Majority Leader Chuck Schumer said Wednesday. Any action on the Secure and Fair Enforcement (SAFE) Banking Act will postpone for another...
-
Did The Federal Government (Un)Knowingly Finance The Marijuana Industry?
Monday, June 12, 2023 - 11:05am | 663Remember 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 ...
-
Vote On Marijuana Banking Expected Soon, Colorado Regulators Running Out Of Money & More Pot Reg Updates
Thursday, June 8, 2023 - 2:35pm | 688Vote on Marijuana Banking Expected Within Two to Three Weeks The Senate Banking Committee led by Ohio Senator Sherrod Brown, Committee Chair, heard testimony on the SAFE Banking Act on May 11 for nearly two hours before adjourning without a vote. Brown said recently a long-awaited vote on cannabis...
-
Biden's Support For HALT Fentanyl Act Alarms Criminal Justice Reform Organizations
Tuesday, May 23, 2023 - 4:04pm | 768In a letter circulating among national criminal justice reform organizations, concerns are raised about the White House's Statement of Administration Policy (SAP) on H.R. 467 of the Halt All Lethal Trafficking (HALT) Fentanyl Act and its failure to address expanding mandatory minimums. “...
-
NY Cannabis Discontent Spreads, NV Sen. Wants Banking Bill To Include SBA Services & More Marijuana Regs
Wednesday, May 17, 2023 - 6:15pm | 900Senator Pushes To Amend Marijuana Banking Bill To Offer Access To SBA Services As cannabis banking reform awaits further legislative action in Congress, a Democratic U.S. Senate member seeks to allow cannabis businesses to utilize the federal Small Business Administration (SBA) services,...
-
Missouri Lawmakers Create Pathway For Cannabis Banking Access Amid Federal Talks On SAFE Act
Monday, May 15, 2023 - 8:52am | 495A measure that would streamline access to banking for cannabis businesses in Missouri got the green light from House members last week, reported Missouri Independent. The legislation under which marijuana businesses would be allowed to execute a waiver authorizing state agencies to share their...
-
Keep Your Pot Out Of Sight, Delaware Cop Advises As State Sens. Urge Congress To Reschedule Marijuana
Thursday, May 4, 2023 - 10:56am | 581The latest push to move cannabis from a Schedule I controlled substance comes from a bipartisan group of Delaware lawmakers, reported Delaware Public Media. State Rep. Jeffrey Spiegelman and Sen. Eric Buckson authored a letter signed by 14 other lawmakers to US Senators Chris Coons, Tom Carper...
-
Tier One MSOs Gain Most On SAFE Act Reintroduction
Monday, May 1, 2023 - 2:17pm | 20429The latest version of the SAFE Banking Act was introduced to the Senate and House on April 26th. In a cannabis market dying for any source of optimism, the introduction sparked initial sharp increases in stock prices. Some gains drifted away by Friday, partially due to Senator Schumer’s...