US Cannabis Council的动态

While the 2014 guidance appears to have encouraged more banks and credit unions to work with cannabis companies, how many are actively providing depository services is still debated within the industry. The numbers for "limited" filings have steadily increased. While this can be looked at as a positive for the cannabis industry. It's a burden to the Banks. Why must we continue to update FinCEN on legitimate cannabis businesses? It seems such a waste of time and resources for the Banking Industry and Government. While the guidance has helped provide a pathway for cannabis banking. The Banking Industry could use some updated guidance!

Cannabis Banking Hits All-Time High! ?? ?? Did you know? A record-breaking 831 banks and credit unions are now working with state-legal cannabis businesses! ?? That's up from 815 just last quarter, (and 799 in the prior quarter), showing incredible momentum in the industry. ?? Here's what it means for the industry: ? Increased legitimacy ? Better access to banking services ? Safer operations for cannabis businesses With potential rescheduling on the horizon, we're optimistic about even more growth and stability in our industry. ???? Let's keep pushing for progress! Anyone else excited about the future of cannabis finance? ?? #CannabisIndustry #FinancialInclusion #GreenGrowth https://lnkd.in/gyeyZn28

When Politics Clashes With Progress: The Ongoing Struggle for Cannabis Banking In a nation where 40 states have embraced some form of cannabis legalization, the recent decision by a Congressional committee to strip marijuana banking protections from a crucial spending bill is baffling and IGNORANT! This political maneuver overlooks the widespread public and state-level support for cannabis, hindering the industry's progress and posing challenges to the safety and operations of legitimate businesses that drive state economies. How counterproductive are these political games when the majority of the country supports cannabis legalization? The removal of banking protections forces businesses to operate on a cash-only basis, which is not only inefficient but also unsafe. It's high time for policymakers to align with economic realities and public sentiment instead of impeding an industry that is proving beneficial in numerous ways. Read more about this issue here: [Congressional Committee Strips Marijuana Banking Protections from Key Spending Bill](https://lnkd.in/g5tJHagF)

Banks remain hesitant to offer financial services to cannabis companies even in states where it is legal. The SAFER Banking Act, which the Senate Banking Committee passed in 2023, specifically targets this issue by proposing explicit protections for financial institutions that work with state-legal cannabis businesses. Without this act, cannabis businesses continue facing significant challenges, from limited access to loans and payment processing to increased security risks from handling large amounts of cash. The Congressional Research Service (CRS) highlighted that rescheduling alone is “unlikely” to help, as Schedule III still places regulatory burdens on banks, leaving a true solution pending legislative action. If enacted, the SAFER Banking Act could pave the way for more sustainable growth in the cannabis sector by providing safer, regulated banking options, which many see as a crucial step for fully integrating the industry into the U.S. economy.

We love to see it: A Record Number of Banks Are Working with CRBs per Marijuana Moment As more financial institutions offer banking services to the cannabis industry, the message to federal lawmakers and regulators is clear: The cannabis industry deserves more access to traditional financial services and it is time for Congress to act. #CannabisBanking

?? U.S. Senate Must Pass the SAFER Banking Act! ?? ?? The adult use of medical marijuana is now legal in 39 states and the District of Columbia, yet it remains illegal at the federal level. This discrepancy creates significant challenges, especially for cannabis businesses seeking essential banking services. ??? The pending legislation in the Senate, known as the Secure and Fair Enforcement Regulation (SAFER) Banking Act, seeks to bridge this gap. It’s a crucial step forward, addressing both financial and security concerns. ??♂? As a former U.S. Marshal and a current Republican Pennsylvania Senator, I’ve seen firsthand the challenges faced by cannabis businesses operating in a predominantly cash-only environment. This isn’t just about financial transactions; it’s about preventing crime and ensuring safety. ?? Why SAFER Banking is Essential: Crime Prevention: By allowing cannabis businesses to access banking services, we can reduce the risks associated with cash transactions, making these businesses less attractive targets for criminal activity. Business Growth: Financial integration would stabilize cannabis operations, provide access to credit, and create opportunities for expansion. Economic Impact: Ending the banking ban would unleash the full potential of the legal cannabis industry, creating jobs and generating significant tax revenue, particularly in states like Pennsylvania. ?? The SAFER Banking Act has garnered bipartisan support and endorsements from major financial institutions to community banks. It’s time for the U.S. Senate to act and unlock the economic potential of this thriving industry. ?? Join Cannabis10x to capitalize on these changes and lead in the dynamic cannabis sector. Innovate, lead, and prosper in the growing green market. ?? Why Connect with Us? Exclusive Insights: Stay ahead with the latest industry trends and legislative updates. Investment Opportunities: Explore unique investment vehicles tailored for high net worth individuals and institutional investors. Networking: Connect with industry leaders and pioneers driving the cannabis revolution. ?? Interested? Let’s connect! Send me a message or DM for more details. ?? Embrace this opportunity with Cannabis10x and be a pioneer in the thriving cannabis market. The future is green, and it’s calling for leaders like you. Cannabis10X https://bit.ly/3Xl8aXU #CannabisBanking #SAFERBankingAct #CannabisBusiness #CannabisInvestment #FinancialReform #LegalizeCannabis #GreenEconomy #InvestInCannabis #CannabisSafety #CannabisCommunity

Rescheduling cannabis?is a start, but it won’t fix the industry’s?banking problem! Russell Rosendal, CEO of Salal Credit Union, stated while reclassifying marijuana to Schedule 3 would help with tax burdens,?access to financial services?remains a major challenge. Without?SAFER Banking?or similar laws, cannabis businesses will still face significant hurdles with most banks. It’s time for comprehensive solutions! #Cannabis #BankingReform #Rescheduling #Legislation #Advocacy Read more here:?https://lnkd.in/gQCd4Fqh

?? Banking Breakthrough for Cannabis and Hemp? ?? The U.S. Congress revisits the SAFER Banking Act, potentially easing banking for marijuana and hemp businesses. Despite the DEA's move to possibly reclassify marijuana, the Act's success is uncertain due to complex legislative processes and political dynamics. ?? Quick Take: ?? The SAFER Banking Act is part of broader legislative discussions, including a crucial FAA funding bill. ?? Challenges persist for hemp operators in accessing full banking services despite legalization. ?? The cannabis community keeps a close eye on this pivotal legislation. Will it pass and finally ease banking headaches? #Mood #CannabisReform #HempBanking #LegislationWatch

Mandelbaum Barrett PC's cannabis banking practice is here to serve! Financial institutions historically shy away from cannabis-related businesses due to the legal complexities at the federal level. However, the potential in this market is both abundant and promising. The U.S. cannabis industry is projected to add $112.4 billion to the economy, with projections of over $200 billion by 2030. We assist with threading the needle to ensure KYC/AML compliance and more... https://lnkd.in/e9zKs-Su #cannabis #hemp #cannabislaw #law

Trump's Running Mate JD Vance On Cannabis Legalization And Banking Reform: Not Quite Yes, But Not Exactly No, read more on the latest from Benzinga by Maureen Meehan. Features JD Vance. #Cannabis #CannabisNews #DonaldTrump #Legalization #BankingReform #Ohio #BZCannabis.