The Secure and Fair Enforcement (SAFE) Banking Act is still on the table, and US Department of Justice (DOJ) is weighing in.
DOJ Comments -
Because current federal law allows federal regulators to penalize banks for...more
Though the House of Representatives passed the Secure and Fair Enforcing Banking Act (“SAFE Banking Act” or “the Act”) on April 19, 2021, the bill was dropped from the final version of the larger China COMPETES ACT last week...more
Now Financial Businesses can provide their services to licensed cannabis businesses without penalty under California law.
As of February 1, 2021, licensed cannabis businesses in California gained another avenue, albeit...more