{"id":77754,"date":"2024-09-11T09:35:07","date_gmt":"2024-09-11T17:35:07","guid":{"rendered":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/2024\/09\/11\/trump-needs-to-bring-us-some-republican-senators-to-pass-marijuana-banking-bill-following-his-endorsement-democrat-says\/"},"modified":"2024-09-11T19:45:52","modified_gmt":"2024-09-12T03:45:52","slug":"trump-needs-to-bring-us-some-republican-senators-to-pass-marijuana-banking-bill-following-his-endorsement-democrat-says","status":"publish","type":"post","link":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/2024\/09\/11\/trump-needs-to-bring-us-some-republican-senators-to-pass-marijuana-banking-bill-following-his-endorsement-democrat-says\/","title":{"rendered":"Trump Needs To \u2018Bring Us Some Republican Senators\u2019 To Pass Marijuana Banking Bill Following His Endorsement, Democrat Says"},"content":{"rendered":"<\/p>\n

If former President Donald Trump is serious about his recently stated support for a cannabis banking bill<\/a>, he needs to \u201cbring us some Republican senators\u201d to advance it through the chamber, a Democratic senator told Marijuana Moment as other lawmakers similarly said increased GOP support is needed to advance the reform.<\/p>\n

Senate Banking Committee Chairman Sherrod Brown (D-OH), as well as Sens. John Hickenlooper (D-CO) and Mike Braun (R-IN), weighed in on the cannabis banking issue in interviews on Tuesday, though none were aware at the time that Trump, the 2024 GOP nominee, had endorsed the policy change days earlier.<\/p>\n

The Secure and Fair Enforcement and Regulation (SAFER) Banking Act cleared Brown\u2019s Banking Committee last September, but it\u2019s yet to receive floor consideration. Brown and Hickenlooper both suggested the main obstacle is ensuring that enough GOP members get on board to meet the steep 60-vote threshold for passage.<\/p>\n

Braun, for his part, said it\u2019s \u201cstill pretty difficult\u201d to meet that vote requirement under the current political composition of the chamber.<\/p>\n

Brown told Marijuana Moment that \u201cwe don\u2019t have enough Republicans, we don\u2019t think,\u201d to secure the passage of the SAFER Banking Act. That point has previously been contested, however, with the bill\u2019s lead Republican sponsor Sen. Steve Daines (R-MT) insisting that the votes are there to move the measure along.<\/p>\n

\u201cWe\u2019re trying to figure out how to move these things when we have a Republican party that doesn\u2019t always step up,\u201d Brown said. He noted resistance from Sen. Tim Scott (R-SC), ranking member of the Banking Committee, but since it already moved through that panel, it\u2019s unclear why that would represent a major obstacle to bringing it to the floor.<\/p>\n

Pressed on Trump\u2019s recent endorsement of the banking legislation, Brown said he\u2019s \u201cnot listening to the presidential campaigns weigh in on this stuff,\u201d and he said he\u2019s consistently spoken to Senate Majority Leader Chuck Schumer (D-NY) about this and other legislative priorities.<\/p>\n

Hickenlooper, meanwhile, said that while he hadn\u2019t been appraised on the latest Trump remarks on cannabis banking, he\u2019s skeptical about how serious the former president is in the position, commenting that \u201cit might change by tomorrow\u201d given his proclivity for rapidly taking on opposite sides of various issues.<\/p>\n

He added that the SAFER Banking Act is \u201cgoing through this process,\u201d but he also said the Biden administration\u2019s push to federally reschedule cannabis represents \u201ca major step forward\u201d that could help grease the wheels on marijuana banking reform.<\/p>\n

\u201cI think rescheduling is going to get SAFE Banking through the Senate,\u201d the senator said. \u201cDonald Trump can say whatever he wants, but unless you bring us some Republican senators, we\u2019re not going to get SAFE Banking.\u201d<\/p>\n

The Congressional Research Service (CRS) released a report last month explaining that federal marijuana rescheduling is \u201cunlikely\u201d to improve banking access<\/a> for state-legal cannabis businesses, But Rep. Earl Blumenauer (D-OR), co-chair of the Congressional Cannabis Caucus, similarly argued that the reclassification move, when it is enacted, could have a political effect that spurs action on the separate marijuana banking legislation.<\/p>\n

It should also be noted that the proposed rescheduling action isn\u2019t guaranteed. Following a public comment period, the Drug Enforcement Administration (DEA) last month announced that it has scheduled an administrative hearing in December<\/a>\u00a0to gain additional input before potentially finalizing the rule. It\u2019s possible that rulemaking could extend into January, meaning there\u2019s a chance that the next presidential administration could influence the final outcome.<\/p>\n

Meanwhile, as the November election approaches, a recent series of polls found widespread majority support for marijuana legalization<\/a>, cannabis federal rescheduling and cannabis industry banking access among likely voters in three key presidential battleground states: Michigan, Pennsylvania and Wisconsin.<\/p>\n

The LCB<\/a> contributed reporting from Washington, D.C.\u00a0<\/em><\/p>\n

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Florida Democratic And GOP Senators Promote Marijuana Legalization In Joint Ad As DeSantis Claims Ballot Measure Would Benefit A \u2018Weed Cartel\u2019<\/a><\/p>\n<\/blockquote>\n

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Photo courtesy of Mike Latimer.<\/em><\/p>\n

The post Trump Needs To \u2018Bring Us Some Republican Senators\u2019 To Pass Marijuana Banking Bill Following His Endorsement, Democrat Says<\/a> appeared first on Marijuana Moment<\/a>.<\/p>\n


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If former President Donald Trump is serious about his recently stated support for a cannabis banking bill, he needs to \u201cbring us some Republican senators\u201d to advance it through the chamber, a Democratic senator told Marijuana Moment as other lawmakers similarly said increased GOP support is needed to advance 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\/77754"}],"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=77754"}],"version-history":[{"count":1,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/77754\/revisions"}],"predecessor-version":[{"id":77755,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/77754\/revisions\/77755"}],"wp:attachment":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/media?parent=77754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/categories?post=77754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/tags?post=77754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}