The U.S. House of Representatives has passed H.R. 1595, the SAFE Banking Act, a Cannabis friendly act of legislation that may enable marijuana-based businesses to access the federal banking system. The bipartisan legislation was sponsored by Congressmen Ed Perlmutter (D-CO), Denny Heck (D-WA), Steve Stivers… Read More
The US Senate Banking Committee will hold a hearing to discuss the emerging legal cannabis industry and the challenges with banking. In the US, legalization of Cannabis, whether it is for medical or recreational use, has been a slapdash state by state affair. Federal legalization… Read More
Last week, HR 1595 or the SAFEBanking Act was introduced into the House of Representatives. This legislation will seek to fix the problems associated with the banking industry and Cannabis based businesses. The bill is being sponsored by Colorado Representative Ed Perlmutter who harkens from… Read More
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