Lawmakers Implant Cannabis Banking Reform in National Defense Bill

Representative Ed Perlmutter (D-CO) is “still pretty upset” that cannabis financing reform was left out from a defense bill earlier this month—evidently at the direction of the Democratic Senate administration. Despite this, Perlmutter expressed in an interview with a known cannabis news source that the congressional discussion that thereafter ensued has furthered the cause ofContinue reading “Lawmakers Implant Cannabis Banking Reform in National Defense Bill”

Is Cannabis Banking Reform on the Horizon?

Senate authority has received another letter demanding that cannabis banking reform be established as part of defense legislation—this time from financial organizations and labor coalitions. The American Bankers Association, also known as ABA, the  Credit Union National Association also known as CUNA, the United Food, and Commercial Workers Union, also referred to as UFCW, andContinue reading “Is Cannabis Banking Reform on the Horizon?”

Senator Schumer to Box Out Big Cannabis in New Bill

In a recent interview, Senate Majority Leader Chuck Schumer (D-NY) demands to keep the heavy hitters out of the cannabis industry in support of developing opportunities for mom-and-pop operators when cannabis is federally approved. Sen. Schumer stated that his forthcoming measure achieves such. In a dialogue between Schumer and New York’s head state cannabis authorityContinue reading “Senator Schumer to Box Out Big Cannabis in New Bill”