Marijuana businesses have pushed for Congress to pass the SAFE Banking Act as they seek access to traditional financing.
The Senate is holding its first hearing Thursday on the Secure and Fair Enforcement Banking Act.
The meeting, titled "Examining Cannabis Banking Challenges of Small Businesses and Workers," will hear testimony from lawmakers on both sides of the aisle, including Sens. Jeff Merkley, D-Ore., and Steve Daines, R-Mont., who reintroduced the standalone bill last week. The committee will also hear from witnesses including the Cannabis Regulators of Color Coalition, Drug Policy Alliance and the United Food and Commercial Workers International Union.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bill to allow marijuana businesses to use banks may have enough votes to pass SenateSenators have been trying to pass the SAFE Banking Act for 8 years. A bipartisan group of Senators believes this is the year the SAFE Banking Act will pass.
Read more »
Cannabis banking bill 'faces an uphill climb in this Congress,' analysts warn before Senate hearingWhile marijuana stocks seem to have scored a lift from optimism around a cannabis banking bill, some analysts are downbeat on the SAFE Banking Act's prospects.
Read more »
Fatal 2022 shooting stemmed from two botched robberies targeting $300,000 of marijuana, records showThe fatal shooting of a man in an eastern Bexar County home last year stemmed from two botched attempts to steal marijuana, court records show.
Read more »
Albany dispensary is first in state to start delivering recreational marijuana to Long IslandAlmost like the Uber Easts of weed -- the first legal pot sales have just begun on Long Island with home delivery. McLoganTV reports that from the moment the cannabis company car pulled up to the time the marijuana was hand-delivered, it took two minutes.
Read more »
Pounds of marijuana discovered hidden in air fryer being mailed from NJ to Bermuda: CBPOfficials say the package was worth about $150,000 in Bermuda because high-potency marijuana is worth more overseas.
Read more »
Loaded gun, marijuana seized from traffickers in Portage County traffic stop, sheriff saysThe driver was previously charged with voluntary manslaughter, robbery, and conspiracy to distribute narcotics into a detention facility, the sheriff's office said.
Read more »