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Federal Cannabis Policy Advances with SAFER Banking Act, MORE Act & Rescheduling Talk

Federal cannabis policy is progressing in Congress and the Biden Administration, with the SAFER Banking Act and MORE Act advancing and talk of rescheduling. Many federal cannabis policy bills have made little progress. But major changes could be on the horizon. Senate Advances Cannabis Banking Reform Bill for First Time The U.S. Senate Committee on […]

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Zenco: Compliant Cashless Cannabis Payment Solutions

Zenco has a unique solution to a problem facing many legal cannabis companies that involves cashless cannabis payments. Many retail/medical dispensaries use a reverse ATM solution to disguise the nature of the transactions. Cashless ATMs disguise the intended cannabis transaction. It is certainly not a long-term Best Practice. It might violate consumer protection disclosure rules […]

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Minority Cannabis Advocacy Groups Campaign for SAFE Banking Act

A coalition of advocacy groups has launched a campaign to pass the SAFE Banking Act. They want to help minority and women-owned cannabis companies. Advocacy groups, including Marijuana Matters, Minority Cannabis Business Association (MCBA), Minorities for Medical Marijuana (M4MM), and Women Grow, have launched #SAFE4Equity. It is a campaign to educate cannabis operators, industry stakeholders, […]

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NJ Cannabis Lending Bill Passes Assembly Health Committee Hearing

Senator Troy Singleton’s (D-Burlington) bill to enhance NJ cannabis lending and address marijuana banking passed the Assembly Health Committee hearing with bipartisan support. It has been introduced into the Assembly as A. 5179, “Revises certain restrictions on ownership of medical cannabis alternative treatment centers.” Singleton’s bill has the same title under S. 2875 Assembly members […]

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Cannabis Reform Being Pushed By Senate Democrats

Senate Democratic leaders have announced they will craft a comprehensive cannabis reform legalization bill to push through the United States Senate. Senators Chuck Schumer (D-NY), Cory Booker (D-NJ), and Ron Wyden (D-OR) issued a joint statement regarding comprehensive cannabis reform in the 117th Congress. Every “Congress” lasts two years, with the full House up for […]

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