Two issues emerged from a congressional hearing on the volatile trading of GameStop Corp. shares: Lawmakers and regulators need a greater understanding of how technology helped foster the frenzy, and regulators need systems to understand such events — and possibly to manage them. House Financial Services members and witnesses spent most of their time at the hearing last week focusing on the role ... Read more »

Colorado officials expressed anger and sadness Monday as details emerged about a shooting at a Boulder supermarket that left 10 people dead, including a police officer killed in the line of duty. Authorities said a suspected gunman, who wasn't identified, was in custody and being treated for unspecified injuries. A law enforcement spokesman said police were still investigating and didn't have deta... Read more »

A gunman opened fire at a grocery store in Boulder, Colo., on Monday afternoon, killing 10 people, including a police officer, the authorities in Boulder said. The police said that they had taken a suspect into custody after the shooting. That person was injured, the authorities said. Videos showed a handcuffed man being escorted from the building by officers, shirtless and with his right leg appe... Read more »

A bill to protect banks that service state-legal marijuana businesses from being penalized by federal regulators has been reintroduced in the Senate—with nearly a third of the chamber as cosponsors. It’s a development that takes on a new light now that Democrats are back in control the chamber. This comes days after the Secure and Fair Enforcement (SAFE) Banking Act was refiled in the House, where... Read more »

Eight years after it was first introduced, federal legislation that would give cannabis companies in Colorado and across the country access to the banking system is back in Congress. And its co-sponsors, Democrat and Republican, are sounding bullish. The Secure and Fair Enforcement Banking Act, or SAFE Banking Act, has been introduced every Congress since 2013 by U.S. Rep. Ed Perlmutter, an Arvada... Read more »

House supporters of marijuana banking legislation said Friday that they are confident the House again will pass the measure and are increasingly confident that the Senate will do the same. “We’ve got to get it out of the House first,” Rep. Ed Perlmutter (D-Colo.) told reporters in a virtual news conference Friday. Perlmutter, a long-time advocate of marijuana banking, on Thursday introduced his bi... Read more »

The Biden administration has reportedly asked dozens of White House staff to resign or otherwise punished them over past marijuana use—a response that one congressman described to Marijuana Moment as “antiquated” and inconsistent with the burgeoning legalization movement. Despite earlier reporting that the administration had instituted a policy of granting waivers to certain workers who admit to p... Read more »

Rep. Perlmutter's Safe Banking Act recently made an appearance on Next with Kyle Clark. Watch the whole episode here. The discussion on SAFE Banking starts at 13:24. Read more »

House lawmakers introduced a modest cannabis reform bill this week that has a good chance of becoming law, because it has bipartisan support. The Secure and Fair Enforcement Banking Act, or SAFE Banking Act, would let cannabis companies access banking services and allow customers to use credit or debit cards to buy their products. It wouldn't legalize cannabis federally. The House's SAFE Banking A... Read more »

The chuckle factor. That’s how Rep. Ed Perlmutter described his colleagues’ reaction to his bill granting legal marijuana businesses access to financial services. He’s been on this path since 2013. “When I first started bringing it up, people would chuckle,” the Arvada Democrat said. “There’s no more chuckle factor. Everyone knows this is a serious issue that Congress needs to address.” Forty-seve... Read more »