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WATCH NOW: Senate Banking Committee's Markup on SAFER Banking Act

Watch the live video of the 23-member committee's hearing on the cannabis banking bill.

Saferwatch Project

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September 27, 2023

The U.S. Senate Committee on Banking, Housing, and Urban Affairs' markup hearing on the Secure and Fair Enforcement Regulation (SAFER) Banking Act (S.2860) held at 9:30 a.m. Sept. 27 in Washington, D.C.

The legislation aims to create protections for financial institutions that provide financial services to state-licensed cannabis businesses and services providers for such businesses.

Appellate Court Rules Delta-8, Delta-10 THC Prohibited in Maryland

California Cannabis Excise Tax Going Back to 15% Next Month

House GOP Moves Forward on Blocking Trump Administration’s Power to Reschedule Cannabis

Texas Hemp Business Council Supports Protections for Minors

Appellate Court Rules Delta-8, Delta-10 THC Prohibited in Maryland

The court upheld Maryland’s cannabis licensing requirements for selling intoxicating products with hemp derivatives.

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California Cannabis Excise Tax Going Back to 15% Next Month

The Legislature passed a bill that will suspend the tax from increasing to 19% for three years as the regulated market struggles to compete.

California State Sen. Christopher Cabaldon, D-Yolo, discusses Assembly Bill 564 on Sept. 10 on the Senate floor.

House GOP Moves Forward on Blocking Trump Administration’s Power to Reschedule Cannabis

The House Appropriations Committee advanced a funding bill that prevents the Department of Justice from using funds to reclassify the plant.

U.S. House Rep. Tom Cole, R-Okla., who chairs the Appropriations Committee.

Texas Hemp Business Council Supports Protections for Minors

The industry organization is urging the practical enforcement of Texas Gov. Greg Abbott’s executive order on regulating cannabinoid hemp products.

Texas Governor Issues Executive Order to Regulate Hemp THC Products

Gov. Greg Abbott directed three executive departments to take ‘immediate action’ to ‘protect’ children and ‘respect’ adult liberties.

Executive Order

Caribbean Cannabis: A Local Look at the U.S. Virgin Islands

Cannabis legalization represents a catalyst for empowering locals in more diverse ways that can help the culture rebuild and thrive.

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Massachusetts AG Approves Ballot Petition to End $1.6B Adult-Use Cannabis Market

State Attorney General Andrea Joy Campbell certified an initiative petition that aims to wipe out licensed adult-use cultivation and dispensary operations.

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Texas Hemp Industry Commends Lawmakers for Rejecting Hemp Ban, Calls for Practical Reforms

The Texas Hemp Business Council continues to advocate for limiting consumable hemp product sales to those 21 and older, among other regulations.

Nebraska Commission Deviates From Voters’ Will on Medical Cannabis

The state’s Medical Cannabis Commission approved regulations that ban cannabis flower, vapes and edibles, and limit the number of business licenses.

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Texans Evade 3rd Hemp THC Ban Attempt; Legislature Adjourns

The Texas Senate and House adjourned sine die from their second special session without agreeing on a path forward for intoxicating THC products.

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When Cannabis is Prohibited, Delta-8 THC Thrives, Researchers Reveal

UC San Diego researchers reported that more than 19 million U.S. adults have tried delta-8 THC, particularly as an alternative in prohibition states.

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40 House Democrats Introduce Bill to Federally Legalize Cannabis

The MORE Act would deschedule and decriminalize cannabis, initiate expungements and support those disproportionately impacted by prohibition.

Rep. Jerry Nadler, D-N.Y., reintroduced the MORE Act on Aug. 29, 2025, in the U.S. House.

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