Senate Leaders Promise Action on Cannabis Banking Reform

Senate Leaders Promise Action on Cannabis Banking Reform

The US Senate returned from their August recess this week and Majority Leader Schumer (D-NY) has emphasized the importance of advancing the Secure and Fair Enforcement Act (SAFE Banking).  Banking is a critical issue for cannabis businesses, including hemp companies with no commerce in cannabinoids. 

Senators need to make a case for cannabis banking being critical to the US economy.  Billions of cannabis dollars flow through state economies, but it is poorly tracked, and creates safety and logistical issues.  Providing banks with risk assurances would have a powerful impact on cannabis businesses. 

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Blog

12.08.2023

SAF Output Surges, Robust Policies Still Needed to Drive Growth: IATA

SAF Output Surges, Robust Policies Still Needed to Drive Growth: IATA

**Bob Lane was out of the office today and will return on Monday, December 18, 2023. In his absence, please contact Amanda Luhavalja at [email protected] **

In its December World Agricultural...

12.08.2023

Fat Market Slides on Heavy Nearby Supply, Cuts in Feed Demand

Fat Market Slides on Heavy Nearby Supply, Cuts in Feed Demand

There was a lot of activity today to close out the week, mostly at lower prices. Negative pressure had been building through the week on heavy nearby supply, and...

12.08.2023

MBM Prices Continue to Fall on Reduced Export Demand

MBM Prices Continue to Fall on Reduced Export Demand

Considerable pressure on meat and bonemeal remained for this week, with ruminant and porcine markets FOB Mo. River weekly averages dropping 9.0 percent and 7.0 percent, respectively. Excess offerings...

Latest Tweets