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

04.16.2024

RIN dashboard

RIN dashboard

Reviewing the RIN dashboard ahead of the March EMTS release. The most recent Energy Information Administration (EIA) energy outlook and the Environmental Protection Agency (EPA) RIN production data provides...

04.16.2024

Cash SBO market weighs on DCO market

Cash SBO market weighs on DCO market

It was an active day in the distiller’s corn oil (DCO) market on Tuesday with pressure from the cash soybean oil market weighing on FOB truck values. Trading was broadly...

04.16.2024

MBM and BM mixed to softer on lower demand

MBM and BM mixed to softer on lower demand

For Tuesday April 16, animal proteins were mixed with most market sources indicating pressure on meat and bonemeal (MBM) and bloodmeal (BM). Market sources indicated mixed demand on MBM...

Latest Tweets