Category Archives: congress

Congress looks into allowing banking for marijuana businesses

U.S. lawmakers are once again exploring efforts to allow legal cannabis businesses access to banks. The Democratic-controlled House Financial Services Committee on Wednesday held a hearing to discuss the Secure and Fair Enforcement Banking Act of 2019, also known as the SAFE Banking Act, reports Yahoo Finance. “We’re trying to examine how outdated banking regulations […]

Bank Officials Urge Congress to Allow Cannabis Businesses Banking Services

Bank officials and cannabis industry representatives joined together on Wednesday to urge Congress to allow marijuana businesses access to banking services. At a hearing of the House Consumer Protection and Financial Institutions Subcommittee, lawmakers heard from advocates of the Secure and Fair Enforcement (SAFE) Banking Act of 2019 who are seeking support for the bill. Due […]

In Congress, a Changed House Finally Looks at Cannabis Banking

Six years after introducing the Secure and Fair Enforcement (SAFE) Banking Act, a cannabis banking reform measure, co-author Denny Heck finally saw it enjoy its first committee hearing in Congress on Wednesday. The number of banks and credit unions willing to handle cannabis money is growing, but they still represent only a tiny fraction of […]

Lawmakers propose ‘H.R. 420’ bill to federally regulate marijuana

(Photo courtesy Sonya Yruel/Drug Policy Alliance) A bill introduced to the House by U.S. Rep. Earl Blumenauer (D-OR) seeks to legalize marijuana and regulate the industry like alcohol. Rep. Blumenauer on Wednesday filed the Regulate Marijuana Like Alcohol Act that would effectively remove cannabis from the federal Controlled Substances Act, the Associated Press reports. Blumenauer […]

Congress passes farm bill to legalize hemp

The U.S. Congress on Wednesday gave final approval to a provision of the Farm Bill that removes hemp from the list of federally controlled substances, according to an Associated Press report. The Farm Bill, which was introduced by Republican Senate Majority Leader Mitch McConnell earlier in 2018, allows hemp farmers to buy crop insurance, apply […]

Does the Farm Bill Legalize CBD, Too? Not Exactly

President Trump is expected to sign the Agriculture Improvement Act of 2018—also known as the farm bill—later this week, after Congress approved the measure on Wednesday. CBD is now a lot less illegal. But don’t wave it in the face of a DEA agent. With that signature, hemp will become legal nationwide. And cannabidiol (CBD) […]

Blumenauer: Congress Will Be ‘Better Than Ever’ on Cannabis

The top cannabis ally in Congress sounded downright giddy Wednesday as he discussed what the midterm election results could mean for cannabis reform at the federal level. “It was a big night,” US Rep. Earl Blumenauer said Wednesday on a conference call with reporters. “Three states approved: Utah, Missouri, and Michigan with adult use, continuing […]

What is the Medical Cannabis Research Act?

A bill that would require the federal government to approve more facilities for the cultivation of cannabis for medical research is up for a vote in Congress this week. The bill, the Medical Cannabis Research Act of 2018 (H.R. 5634), would require the attorney general to ensure that an adequate and uninterrupted supply of research-grade […]

Alaska Taking A Stand Against Threat of Federal Cannabis Crackdown

Bipartisan support for marijuana policy is virtually unheard of. But a unanimous vote in favor of upholding citizens’ right to legal cannabis? It’s so rare as to be almost mythical. Yet that’s exactly what happened in the Alaska House on Monday, where state legislators voted unanimously to demand that the federal government stop trying to […]

Former FBI agent runs to become Illinois’ first ‘Cannabis Congressman’

(via Wolfforcongress.org) Benjamin Thomas Wolf wants to become the first open cannabis user to become an Illinois congressman. Wolf, a former FBI national security official, released a campaign ad on Monday featuring him holding a lit joint, reports the Chicago Sun-Times. The 42-year-old Wolf, who currently works as an adjunct professor at Chicago’s Roosevelt University, […]