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Tag Archive: SAFE Banking Act

SAFE Banking Act fails to make final senate bill, Schumer vows to try again in next Congress

SAFE Banking Act fails to make final senate bill, Schumer vows to try again in next Congress

Cannabis banking reform will have to wait (again). The United States Senate failed to include the SAFE Banking Act in a large spending package they passed Tuesday.  Supporters had hoped to add the SAFE Banking Act — which passed the House seven times but never the Senate — to the omnibus spending bill during the… View Article

Department of Justice memo raises concerns about SAFE Banking, prompts changes to bill

Department of Justice memo raises concerns about SAFE Banking, prompts changes to bill

A Department of Justice memo said the bill could hinder some prosecutions unrelated to marijuana, prompting changes to a bill supporters hope to pass during the lame duck session.

Congressmen hopeful SAFE Banking will pass this year, Arkansas bankers still in support

Congressmen hopeful SAFE Banking will pass this year, Arkansas bankers still in support

Some members of Congress are hopeful cannabis reforms will pass during the upcoming lame duck session.

Cotton opposes federal bill to legalize cannabis, calling it “gift to the cartels and gangs”

Cotton opposes federal bill to legalize cannabis, calling it “gift to the cartels and gangs”

Arkansas Senator Tom Cotton said during a Senate subcommittee hearing this week that a newly introduced bill to legalize and regulate cannabis will be a “gift to the cartels and gangs.” The Cannabis Administration and Opportunity Act would allow states to regulate cannabis without fear of punishment from Washington, according to Politico.

SAFE Banking passes House after Arkansas congressmen oppose amendment

SAFE Banking passes House after Arkansas congressmen oppose amendment

The SAFE Banking Act passed the U.S. House Thursday after Arkansas’s congressmen voted against adding it to the National Defense Authorization Act.

It’s back: Congressman pushes SAFE Banking Act as defense measure

It’s back: Congressman pushes SAFE Banking Act as defense measure

The SAFE Banking Act is back. After being rejected by a congressional committee last month, a Colorado congressman is trying to get the bill added as an amendment to the defense bill.

Congressional committee rejects SAFE Banking Act

Congressional committee rejects SAFE Banking Act

The SAFE Banking Act will not be included in a broader economic development bill being considered in Congress. The SAFE Banking Act would have made banking more accessible for cannabis businesses and had the support of the Arkansas cannabis and banking industries. Supporters of the bill say it is not dead and efforts continue to pass cannabis banking legislation.

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