Vermont AG Pushes Marijuana Banking, Critics Warn of Drug Cartel Money Laundering - Vermont Daily Chronicle

Vermont AG pushes marijuana banking, critics warn of drug cartel money laundering - Vermont Daily Chronicle

Opponents of the latest version of the SAFER (Secure And Fair Enforcement Regulation) banking legislation, long sought by the marijuana industry, say it could lead to higher THC levels and money laundering by cartels.

State Attorneys General Urge Congress On Cannabis Banking - Shanken News Daily

A bipartisan group of attorneys general is urging Congress to pass the SAFER Banking Act, advocating for federal reform to open up the banking system to the industry. In a letter to Congressional leadership the AGs—coming from 32 states across … Continue reading → The post State Attorneys General Urge Congress On Cannabis Banking appeared first on Shanken News Daily.

Bipartisan Coalition of 32 Attorneys General Call for Federal Cannabis Banking Reforms

A bipartisan coalition of 32 state and territorial attorneys general posted a letter Thursday that calls on Congressional leaders to pass the SAFER Banking Act of 2025, legislation that seeks to normalize the relationship between state-legal cannabis businesses and the financial industry. The cannabis industry generated over $30.1 billion in sales in 2024 and is projected to surpass $34 billion by the end of 2025, according to the letter. Howeve…

30+ AGs Are Urging Congress to Pass a Cannabis Banking Act

Arizona Attorney General Kris Mayes has joined 30+ attorneys general in calling on Congress to pass the SAFER Banking Act of 2025. The coalition submitted a letter to congressional leaders urging passage of legislation that would provide legal clarity for banks and financial institutions to serve state-regulated cannabis businesses, addressing critical public safety concerns while improving states’ ability to collect taxes and conduct regulatory…