Lawmakers Propose Disaster Relief to Cannabis Industry with New Bill

On September 24, Congressional Democrats out of Oregon proposed a bill that may bring crucial relief to many cannabis operations across the country in the wake of not only the COVID-19 pandemic but the recent destructive wildfires that have burned large portions of the American West. Sponsored by … Read more about Lawmakers Propose Disaster Relief to Cannabis Industry with New Bill

Bankruptcy Alternatives for the Cannabis Industry

Of its many tragic consequences, COVID-19 has left a significant mark on the global economy as it pressures thousands of businesses to temporarily – if not permanently – shut their doors. April data from the American Bankruptcy Institute suggested a 26% increase in Chapter 11 filings from 2019.1 … Read more about Bankruptcy Alternatives for the Cannabis Industry

Lawmakers Work to Include SAFE Banking Act Provisions in Next Stimulus Bill

The Secure And Fair Enforcement Banking Act (“SAFE Banking Act”) passed the U.S. House of Representatives by a vote of 321-103 in September 2019, but it stalled in the U.S. Senate. Due to COVID-19, it would appear that at least some of its provisions are being revisited by Congress. To recap, the … Read more about Lawmakers Work to Include SAFE Banking Act Provisions in Next Stimulus Bill

SAFE Banking Act Passes in the House

  Late Wednesday, the U.S. House of Representatives passed the first-ever self-contained cannabis bill, clearing H.R.1595 – or the  Secure And Fair Enforcement Banking Act of 2019 (“SAFE Banking Act”) – in a bipartisan 321-103 vote. Introduced by Colorado Representative Ed Perlmutter (D) … Read more about SAFE Banking Act Passes in the House

New Congress Holds First Cannabis Hearing

Last Wednesday, the 116th Congress held their first cannabis-related hearing before the Consumer Protection and Financial Institutions Subcommittee. Addressing the current banking and regulatory obstacles faced by cannabis enterprises, the hearing was also tasked with handling the threat of the … Read more about New Congress Holds First Cannabis Hearing