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Cannabis banking reform reintroduced in US Senate

Less than a week after pro-cannabis banking legislation was reintroduced in the U.S. House of Representatives, a parallel bipartisan measure was revived in the Senate – a move that drew applause from marijuana industry advocates. Sens. Jeff Merkl…

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California trade group offers marijuana banking services through credit union

The California Cannabis Industry Association (CCIA) on Tuesday unveiled a new partnership with North Bay Credit Union under which CCIA-member marijuana companies can obtain an array of financial services. According to a news release, CCIA’s rough…

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Democrats’ COVID-19 relief bill contains cannabis banking

Buried deep in the U.S. House Democrats’ latest $2.2 trillion coronavirus relief package, announced Monday, is a key provision that will delight cannabis businesses: the Secure and Fair Enforcement Banking (SAFE) Act. According to NORML, the main…