Safer Act

Given the well-known banking limitations imposed on cannabis by federal prohibition, cash mountains generated by marijuana sales are becoming an unattended issue. That’s why expert F. Miles Adler of Adler Law Firm and COO of Privateer SCA, Ltd., offers a possible solution for an effective...

Rep. Chuck Edwards (R-NC) is seeking to strip cannabis banking protections from the 2025 Financial Services and General Government (FSGG) appropriations bill. During a subcommittee markup session on Wednesday, Edwards voiced strong opposition to section 134, which would safeguard financial...

Congresswoman Advocates for Marijuana Banking Reform In a bid to advance cannabis legislation, Congresswoman Maxine Waters (D- CA) champions the need for marijuana banking reform, highlighting bipartisan collaboration. Waters, a ranking member of the House Financial Services Committee, stresses the...

The Republican majority in the House of Representatives is already slim, with a tendency to shrink even further before the November elections. But Rep. Nancy Mace (R-SC) says there's a way for the GOP to strengthen its position in Congress. Republicans should back marijuana banking reform, the...

Over 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...

Shield Compliance, a platform for cannabis banking released an open letter calling for the nation's leading card brands, including Mastercard (NYSE: MA), Visa (NYSE: V), Discover (NYSE: DFS), American Express (NYSE: AXP) to reverse their policies of prohibiting financial...

A 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...

U.S. Senator Kevin Cramer (R-ND), a member of the Senate Banking Committee, joined Brian Sullivan on CNBC’s Last Call one day after the Senate committee approved the marijuana banking measure. He shared why he voted in favor of the bill, even though he doesn’t...

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...

The Senate Banking Committee approved the Secure and Fair Enforcement Regulation (SAFER) Banking Act Wednesday, marking a regulatory milestone that has been in the works for nearly a decade. The bill is crafted to enable legal cannabis businesses access to banks and...

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...

Senator Cynthia Lummis (R) and her colleague Senator Steve Daines (R), presented a bill to block cannabis legalization without congressional approval. What happened: On Thursday Lummis introduced the Deferring Executive Authority (DEA) Act, which aims to give Congress...