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SAFE Banking Act Moves to Full House and STATES Act Reintroduced: Chances for Enactment Still Seem Slim

USA - April 4 2019 In our March 15 post, we discussed the Secure and Fair Enforcement (SAFE) Banking Act of 2019 (H.R. 1595), which would, among other things, limit…

SAFE Banking Act Introduced Into Congress: Unlikely to Be Clear Light for Banks at the End of the Tunnel

USA - March 15 2019 On March 7, Rep. Ed Perlmutter (D-CO) introduced into the 116th Congress H.R. 1595, the Secure and Fair Enforcement (SAFE) Banking Act of 2019. The…

Banking and Hemp: The Effect of the New Farm Act

USA - December 27 2018 The new Agricultural Improvement Act of 2018 (Pub. L. 115-334) (the “Act”) was signed into law by President Trump on December 20, 2018. Much press…

New York Encourages Banking of Marijuana Businesses

USA - July 5 2018 On July 3, the New York Department of Financial Services (“DFS”) issued its “Guidance on Provision of Financial Services to Medical Marijuana &…

Congress Seems Unwilling to Solve Cannabis Bank Problem

USA - June 28 2018 As our regular readers are aware, Senators Warren and Gardner introduced a bi-partisan bill in the Senate for the federal government: (1) to generally…