Cannabis Banking


Chairman Crapo Offers Hope for Safe Banking in Controversial Industries

From Competitive Enterprise Institute:
Similar points were made in a coalition letter led by the R Street Institute and signed by several free-market organizations and industry trade associations….

Letter to Senate Banking Committee on SAFE Banking Act
R.J. Lehmann

December 11, 2019

The Honorable Mike Crapo
Committee on Banking, Housing and Urban Affairs
U.S. Senate
Washington, D.C. 20510

The Honorable Sherrod Brown
Ranking Member

, Daily Camera
Congress may help cannabis firms play by the rules
Steven Greenhut

In a free and just society, laws should be clearly designed and easy to follow so that honest people know the ground rules and can live their lives without fear of running afoul of the government. In…

, Rolling Stone
House Takes Historic Step to Validate Marijuana Industry Under Federal Law

From Rolling Stone:
The size of the state-legal cannabis market — projected to grow to $30 billion by 2025 — is getting too big for banks to avoid risk under current law, argues senior fellow…

Support the Secure and Fair Enforcement Banking Act of 2019
Caroline Kitchens

Dear Members of the House of Representatives, 

We write today in support of H.R. 1595, the Secure and Fair Enforcement Banking Act of 2019 (SAFE Banking Act). If enacted, this bipartisan…

The SAFE Banking Act Is a Victory for Federalism and Markets
R.J. Lehmann

It has been a bumpy road for the Secure and Fair Enforcement (SAFE) Banking Act, but two major roadblocks to passage of the cannabis banking legislation appear to be lifting.

In the House of…

Support the Secure and Fair Enforcement Banking Act of 2019
R.J. Lehmann

Dear Members of the Senate Committee on Banking, Housing and Urban Affairs,

We are heartened by the committee’s decision to host a hearing on challenges to cannabis banking. In particular, we…

R.J. Lehmann on Blunt Business Podcast
R.J. Lehmann

R Street Director of Finance, Insurance and Trade Policy joined’s “Blunt Business” show to discuss congressional deliberations over legislation to provide safe harbor to banks…

, Weedmaps
Cannabis Might Not Be a Cash-Only Business as Banking Bill Gets Key Vote
R.J. Lehmann

From Weedmaps:

The R Street Institute, often described as a conservative or libertarian think tank, applauded the bill moving forward. Current laws can discourage financial institutions from…

, Puff Puff Post
R Street Applauds Committee Passage of Bill to Legalize Cannabis Banking
R.J. Lehmann

From Puff Puff Post:

The R Street Institute urges the full U.S. House to take up H.R. 1595, legislation ensuring that banks and credit unions do not face federal sanctions for providing financial…

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