‘banking’
Federal Marijuana Banking Bill Advances (a Little)
Mar. 30, 2019—As reported by Tom Angell, the House Committee on Financial Services just voted (45-15) to approve a version of the Secure and Fair Enforcement (SAFE) Banking Act. You can find the full story at Forbes here. Here is the text of the original House bill (HR 1595): SAFE Banking Act (Original House version). The Forbes article...
It’s Getting Easier for Marijuana Companies to Open Bank Accounts
Dec. 6, 2017—Stateline has a nice article today (posted here) suggesting that marijuana suppliers are increasingly able to obtain financial services from banks and credit unions. The article notes that as of June 2017, roughly 400 banks and credit unions reported providing services to marijuana-related businesses. It suggests that some states (like Washington) have facilitated access by helping these banks comply with the Treasury...