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Charting Course: Building a Cannabis Banking Compliance Program

Innovative Payments Association

Due to the federal illegality of cannabis, many banks are hesitant to work with cannabis businesses, making it difficult for these companies to operate smoothly. To navigate the complex world of cannabis banking compliance, businesses must develop a strong compliance program.

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The SAFE Banking Act is a welcome relief for legal cannabis banking and payments

Payments Source

A lot of the legal risk for banks and traditional payment companies would go away under the law, said Anita Boomstein, a partner at Manatt, Phelps & Phillips.

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2025 Federal Policy Priorities

Electronic Transactions Association

To be most effective, privacy laws should be principlesbased and harmonized to ensure predictability and consistency.Critically, privacy laws must also ensure that the industry can continue to use data in order to fight fraud and protect consumers. Intellectual Property New ideas are the lifeblood of innovation.

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Cannabis Logistics Finds Opportunity In Uncharted Territory: WAYV

PYMNTS

The fact that marijuana remains illegal under federal law means industry players struggle to access banking services. It creates a bit of a contradiction for the marijuana market: While companies can embrace innovation from the beginning, many are forced to rely on cash, shut out completely from digital banking tools.

Legal 49
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Risk’s All Around When Banks Service Cannabis

PYMNTS

The conundrum of cannabis banking in the U.S. But the cannabis market that struggles to access banking services is not limited to small dispensary storefronts (although they are undoubtedly affected by such legal hurdles). The legal marijuana industry in North America, which handled an estimated $9.7

Legal 52
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House passes cannabis banking bill, but Senate battle looms

Payments Source

The legislation included changes designed to attract more Republican support, which is key to the measure ultimately becoming law.

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Lawmakers Shun State Cannabis Banking Reform

PYMNTS

In hopes of having the STATES Act passed into law, Gardner reintroduced it as an amendment to the First Step Act, a criminal justice reform bill that is expected to be passed into law. The Act’s failure to get by McConnell follows comments made by Rep.