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The House sponsor of a marijuana banking bill says he recently spoke with Senate Majority Leader Chuck Schumer (D-NY) at an event at the White House and discussed the need to enact the bipartisan reform this session.<\/p>\n
Rep. Ed Perlmutter (D-CO) said that he impressed upon the leader the importance of his Secure and Fair Enforcement (SAFE) Banking Act, which has cleared the House in some form seven times only to be held up in the Senate under Republican and Democratic control. Schumer, the congressman said, assured him that the chamber is \u201cworking on it\u201d and is \u201cgoing to get going\u201d on the reform.<\/p>\n
\u201cWhether that was just lip service or reality, there is momentum,\u201d Perlmutter, who is retiring at the end of this Congress, told<\/a> KOA radio. \u201cWe\u2019re going to get this done. It probably won\u2019t happen until the lame duck session after the elections, but I\u2019ve always felt confident that commonsense will prevail and we\u2019ll get this finished, and I think we will.\u201d<\/p>\n\n \u201cIf we allow legal [marijuana] businesses to have legal banking services, it only makes sense and it helps us in a public safety way so people don\u2019t get killed\u2014so that somebody in a dispensary isn\u2019t held up and shot,\u201d the congressman said.<\/p>\n ICYMI \u2013 My reflections on traveling in the UK during the passing of Queen Elizabeth and an outlook on #SAFEBanking<\/a>. https:\/\/t.co\/7gBCIBWJIN<\/a><\/p>\n \u2014 Rep. Ed Perlmutter (@RepPerlmutter) September 21, 2022<\/a><\/p>\n<\/blockquote>\n\n While Schumer and colleagues filed a comprehensive cannabis legalization bill in July, it\u2019s not expected to be taken up this session given the challenge of reaching the 60-vote threshold to pass through the Senate. But the leader is still intent on bringing some kind of marijuana reform legislation to the floor in the coming months.<\/p>\n Lawmakers have signaled that the bill will contain protections for banks that work with state-legal marijuana businesses, as well as other modest proposals to facilitate expungements, provide medical cannabis access for military veterans, promote research and more.<\/p>\n Nothing has been finalized at this point, however. Sen. Cory Booker (D-NJ) recently said that he expects the so-called \u201cSAFE Plus\u201d bill to be introduced sometime after the November midterms<\/a>, and Rep. Dave Joyce (R-OH) told Marijuana Moment that he felt the timeline for a filing would likely fall between November and December.<\/p>\n The conversation between Schumer and Perlmutter at the White House last week happened at an event on inflation reduction and happened to coincide with the National Cannabis Industry Association (NCIA) lobby days, with over 100 marijuana business leaders on Capitol Hill to push for the passage of the SAFE Banking Act<\/a>.<\/p>\n Perlmutter said at an NCIA-organized press conference last Wednesday that he\u2019s increasingly tempted to \u201cgo to the nuclear option\u201d in the House Rules Committee of \u201cholding up\u201d separate legislation like the National Defense Authorization Act (NDAA) in order to get the marijuana banking measure enacted.<\/p>\n \u2014 The congressman and Sen. Jeff Merkley (D-OR), the Senate sponsor of the SAFE Banking Act, also outlined next steps for the cannabis banking reform<\/a>\u00a0at a briefing organized by the U.S. Cannabis Council (USCC) in July.<\/p>\n Cannabis Regulators of Color Coalition (CRCC) released a paper in August that outlined what they view as shortcomings of the standalone SAFE Banking Act and recommended\u00a0several amendments to bolster its equity impact<\/a>.<\/p>\n Booker said at an event organized by CRCC that\u00a0the standalone legislation \u201crequires changes\u201d<\/a>\u00a0if it\u2019s going to advance before cannabis is federally legalized.<\/p>\n The senator initially signaled that he was coming around to marijuana banking reform (contingent on equity provisions) at a\u00a0Senate Judiciary subcommittee hearing<\/a>\u00a0in July that he convened as chairman.<\/p>\n Meanwhile, Perlmutter also said in a recent interview that he feels the introduction of the Senate legalization bill alone means that\u00a0lawmakers have overcome a legislative \u201churdle\u201d<\/a>\u00a0that\u2019s kept SAFE Banking from advancing in the chamber.<\/p>\n On Monday, the National Association of State Treasurers (NAST) agreed to reaffirm its support for a resolution<\/a> calling on Congress to enact a federal marijuana banking fix.<\/p>\n A recent poll found that Republican voters are on board with a number of marijuana reform proposals<\/a>\u2014from banking to medical cannabis legalization to expungements for prior marijuana convictions to letting states set their own policies without federal interference.<\/p>\n According to a poll from Independent Community Bankers of America (ICBA)\u00a0that was released this month<\/a>, a majority of American voters (65 percent) support allowing banks to work with state-legal marijuana businesses\u2014and most people believe it will both improve public safety and promote social equity.<\/p>\n The\u00a0survey results\u00a0are consistent with the findings of a separate poll<\/a>\u00a0from the American Bankers Association (ABA) that was released in March. It also showed that 65 percent of Americans back the marijuana banking reform.<\/p>\n Separately, the non-partisan National Conference of State Legislatures (NCSL)\u00a0recently voted to adopt a revised policy directive<\/a>\u00a0that expresses support for federal marijuana descheduling and cannabis banking reform amid the state-level legalization movement.<\/p>\n Colombia\u2019s President Tells UN That \u2018Democracy Will Die\u2019 If World Leaders Don\u2019t End Drug War And Pursue Different Strategy<\/a><\/p>\n<\/blockquote>\n\n The post Schumer Reaffirms Commitment To Marijuana Banking Reform In White House Discussion, Bill Sponsor Says<\/a> appeared first on Marijuana Moment<\/a>.<\/p>\n
The House sponsor of a marijuana banking bill says he recently spoke with Senate Majority Leader Chuck Schumer (D-NY) at an event at the White House and discussed the need to enact the bipartisan reform this session. Rep. Ed Perlmutter (D-CO) said that he impressed upon the leader the importanceContinue Reading<\/a><\/span><\/p>\n","protected":false},"author":458,"featured_media":57190,"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\/57189"}],"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=57189"}],"version-history":[{"count":1,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/57189\/revisions"}],"predecessor-version":[{"id":57191,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/57189\/revisions\/57191"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/media\/57190"}],"wp:attachment":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/media?parent=57189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/categories?post=57189"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/tags?post=57189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
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\nRead More: Schumer Reaffirms Commitment To Marijuana Banking Reform In White House Discussion, Bill Sponsor Says<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"