Senate Considers Cannabis Banking | Interstate Cannabis Backers Ponder Next Moves | Dutchie Hit With Shareholder Suit | What Legalization Means for Delaware Businesses
This week's Higher Law looks at the Senate hearing on cannabis banking, next steps on interstate cannabis sales, a shareholder suit targeting Dutchie and what legalization means for Delaware businesses.
May 11, 2023 at 04:35 PM
10 minute read
Higher Law
Welcome back to Higher Law, our weekly briefing on all things cannabis. I'm Cheryl Miller, reporting for Law.com from Sacramento.
This week we're looking at:
- The Senate hearing on cannabis banking.
- Next steps on interstate cannabis sales.
- A shareholder suit targeting Dutchie.
- What legalization means for Delaware businesses.
Thanks as always for reading. Got a story idea or feedback? You can send it all to me at [email protected]. You can also call me at 916.448.2935. Follow me on Twitter: @capitalaccounts
The U.S. Capitol building in Washington, D.C. Photo: Christine Schiffner/ALM Senate Holds Hearing, But No Vote, on Cannabis Banking
All eyes were on the U.S. Senate Banking Committee this morning as the panel took up the issue of banking the marijuana industry. There was lots of support expressed for the SAFE Banking Act, but this wasn't a mark-up hearing, so there's still no outlined path for a long-awaited vote for the legislation on the Senate floor.
But the hearing did offer a glimpse of some of the remaining challenges facing a seemingly well-supported bill aimed at opening banks' doors to the cash-intensive state-regulated marijuana industry.
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