Category Archives: Uncategorized

Cannabis groups pleased with SAFE Banking hearing as senators push for expungement

Cannabis industry groups were heartened Thursday to hear bipartisan support from members of the U.S. Senate Banking Committee for marijuana banking reform – particularly, passage of the Secure and Fair Enforcement (SAFE) Banking Act. The Democratic-controlled banking panel convened the hearing about the challenges that a largely cash-based industry poses to small businesses and employees. ADVERTISEMENT […]

New Hampshire Senate Rejects House-Passed Marijuana Legalization Bill

The New Hampshire Senate has rejected a House-passed bill to legalize marijuana. Just two days after receiving an unfavorable recommendation from the Senate Judiciary Committee, the full chamber defeated the measure in a 14-10 vote on Thursday. Following the committee vote on Tuesday, Senate Majority Leader Sharon Carson (R) predicted that the legislation from bipartisan […]

Safe Harbor, New York institution create marijuana banking partnership

Cannabis industry financial services company Safe Harbor Financial announced a marijuana business banking partnership with Five Star Bank. Any financial terms of the deal between the Colorado- and New York-based companies were not disclosed. ADVERTISEMENT “Backed by Five Star Bank’s ability to dedicate up to $1 billion in deposit capacity through its relationship with Safe […]

Schumer, Booker And Wyden Renew Call For Marijuana Expungements To Be Added To Banking Bill Following Committee Hearing

Senate Majority Leader Chuck Schumer (D-NY) and two top colleagues said on Thursday that they will be working to add marijuana expungements legislation to a cannabis banking bill that had just been discussed in a committee hearing. Schumer, along with Senate Finance Committee Chairman Ron Wyden (D-OR) and Sen. Cory Booker (D-NJ), released a joint […]

Top Wisconsin Senator Talks Marijuana Legalization Fight Amid GOP Opposition

Wisconsin’s Democratic Senate minority leader keeps a U.S. map in her office, color-coded to show the status of state marijuana laws around the country. Lately, that map has been growing greener and greener—but not in Wisconsin itself, where the GOP-controlled legislature has resisted even incremental reform. With Minnesota lawmakers next door poised to send a […]

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