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SAFER Banking Act passes Senate Banking Committee: Will marijuana be re-scheduled under the Controlled Substances Act?

Abrigo

LISTEN NOW Bipartisan support The 2023 SAFE Banking Act: An unclear outlook Takeaway 1 The Senate recently introduced the newest version of marijuana legislation, the Secure and Fair Enforcement Regulation (SAFER) Banking Act.

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Why now is the time to update your bank’s corporate governance

Independent Banker

“[These] should be living and fluid documents that you update periodically based on changing risk and the bank’s ability to manage and mitigate that risk,” says Ron Green, CEO of $675 million-asset Oregon Pacific Bank in Florence, Ore. Oregon Pacific Bank had to close lobbies and send half of its workforce home. Quick Stat.

Oregon 91
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SAFE Banking Act Gains Cannabis-Friendly Spotlight In Congressional Hearing

PYMNTS

Over the last two years, more than $500 million worth of cash deposits from the legitimate cannabis business has flowed into Maps Credit Union in Salem, Oregon. The bill would prevent federal regulators from targeting banks that accept deposits from legal cannabis operators. But that’s the exception.

Oregon 230
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Moves To Curb Facial Recognition Usage Rejected By Amazon Shareholders

PYMNTS

The technology has been used by law enforcement in Oregon and Florida. Securities and Exchange Commission. Also on Wednesday, in the United States Congress, there was an indication that there would be support from both sides of the aisle when it comes to regulating the technology. When he heard about the vote, U.S.

Oregon 148
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Legal Pot Starts Pulling Its Retail Weight

PYMNTS

That said, in a first-ever congressional hearing on marijuana law reform, the House Judiciary Subcommittee on Crime, Terrorism and Homeland Security convened July 10 to debate altering federal law around cannabis. Lawmakers went on the assumption that reforming federal marijuana laws is a given and used the hearing to discuss regulation.

Retail 154
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SAFE Banking Act Gains Cannabis-Friendly Spotlight in Congressional Hearing

PYMNTS

Over the last two years, more than $500 million worth of cash deposits from the legitimate cannabis business has flowed into Maps Credit Union in Salem, Oregon. But thought Oregon has some 500 state-sanctions cannabis operations, Maps stands as the only FI in the state to do business with that industry, Pross said.

Oregon 115
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Bitcoin Daily: FDA Pegs Walmart, IBM For Blockchain Pilot; Wyoming State Embraces Blockchain

PYMNTS

Drug Supply Chain Security Act requirements will help us do just that.”. The results of the new regulations have brought dozens of limited liability blockchain and crypto corporations to Wyoming. “We believe we have to go further than offering great products that help our customers live better at everyday low prices.

Wyoming 109