The House sponsor of a bipartisan marijuana banking bill says that the recent introduction of Senate Majority Leader Chuck Schumer\u2019s (D-NY) federal legalization measure is the \u201churdle\u201d that lawmakers needed to overcome to finally pass his more modest reform legislation.<\/p>\n
Rep. Ed Perlmutter (D-CO) has been adamant about getting the Secure and Fair Enforcement (SAFE) Banking Act enacted before he retires from Congress at the end of this session. But while it\u2019s passed in the House seven times in some form, it\u2019s stalled in the Senate under both Republican and Democratic leadership.<\/p>\n
Now that Schumer and colleagues have filed their wide-ranging legalization bill, Perlmutter told KOA NewRadio in Denver on Tuesday that there\u2019s a clearer path to passage for the banking legislation.<\/p>\n
\u201cI think we may have just overcome our hurdle last week to getting this passed,\u201d Perlmutter said, referencing the filing of the Cannabis Administration and Opportunity Act (CAOA)<\/a>. \u201cI think we\u2019ll get it passed.\u201d<\/p>\n Listen to Perlmutter discuss the path forward for the SAFE Banking Act in the audio below:\u00a0<\/strong><\/p>\n\n Schumer and other lawmakers like Sen. Cory Booker (D-NJ) have been viewed as obstacles to putting the SAFE Banking Act to a vote in the Senate. They\u2019ve insisted on attempting to pass comprehensive cannabis reform<\/a> that includes equity provisions first before they would entertain advancing the incremental policy change.<\/p>\n Perlmutter said that there are many laudable provisions of the leader\u2019s proposal, but \u201cthe trouble is they don\u2019t have the votes to pass that sweeping a piece of legislation.\u201d That\u2019s generally been the understanding among lawmakers, stakeholders and advocates who have been quick to point out that reaching the 60-vote threshold to pass the bill in the Senate is unlikely given the lack of consensus among Democrats and the likely opposition of Republicans.<\/p>\n \u201cI think the fact they introduced something, [means] now we can really get to work [and] get the votes,\u201d he said.<\/p>\n The third-highest-ranking Democrat in the Senate, Assistant Majority Leader Patty Murray (D-WA) signed on to CAOA following its introduction<\/a>, but in a statement, she also stressed that lawmakers must enact the bipartisan banking bill in the interim.<\/p>\n In the new radio interview, Perlmutter again signaled that while the SAFE Banking Act is a priority, he also believes there\u2019s enough bipartisan support to combine that legislation with other incremental reforms dealing with cannabis research, federal Small Business Administration (SBA) access for state marijuana industries and more.<\/p>\n Schumer has been discussing the idea of advancing a passable alternative package of incremental reforms<\/a> including those proposals if the Senate is unwilling to approve CAOA.<\/p>\n \u201cI think there\u2019s a real opportunity to pass not as sweeping a piece of legislation as Schumer has introduced, but something that really will benefit the industry and make things safer,\u201d Perlmutter said.<\/p>\n And while the congressman is dead set on passing the marijuana banking bill before he retires early next year\u2014either as a standalone or amendment to other legislation like the National Defense Authorization Act (NDAA)<\/a> to which it\u2019s been attached and passed in the House\u2014he did identify one GOP colleague who he said could lead on the issue if it stalls before he leaves office: Rep. Dave Joyce (R-OH), who is a co-chair of the Congressional Cannabis Caucus.<\/p>\n \u201cThis has been a very bipartisan effort between me and a number of different Republicans,\u201d he said. \u201cDavid Joyce is a congressman from Ohio, and I think he will pick up the mantle. He\u2019s been helping really talk to Republicans in the Senate. He\u2019s worked with his colleagues in the House, and I think he\u2019ll end up picking up the mantle and get this across the finish line.\u201d<\/p>\n That said, \u201cI\u2019m gonna get it across the finish line,\u201d the congressman said.<\/p>\n I\u2019m A Former Marijuana Prisoner. Here\u2019s What I\u2019ll Tell Senators At Their Legalization Hearing (Op-Ed)<\/a><\/p>\n<\/blockquote>\n\n The post Congressman Says He\u2019s Finally Overcome Marijuana Banking \u2018Hurdle\u2019 With Introduction Of Senate Legalization Bill<\/a> appeared first on Marijuana Moment<\/a>.<\/p>\n
The House sponsor of a bipartisan marijuana banking bill says that the recent introduction of Senate Majority Leader Chuck Schumer\u2019s (D-NY) federal legalization measure is the \u201churdle\u201d that lawmakers needed to overcome to finally pass his more modest reform legislation. Rep. Ed Perlmutter (D-CO) has been adamant about getting theContinue Reading<\/a><\/span><\/p>\n","protected":false},"author":458,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[18,81],"tags":[],"_links":{"self":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/56115"}],"collection":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/users\/458"}],"replies":[{"embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/comments?post=56115"}],"version-history":[{"count":1,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/56115\/revisions"}],"predecessor-version":[{"id":56116,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/56115\/revisions\/56116"}],"wp:attachment":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/media?parent=56115"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/categories?post=56115"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/tags?post=56115"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
\n
\nRead More: Congressman Says He\u2019s Finally Overcome Marijuana Banking \u2018Hurdle\u2019 With Introduction Of Senate Legalization Bill<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"