GOP Senator Voices Support For Marijuana Banking Bill He’s Yet To Cosponsor

GOP Senator Voices Support For Marijuana Banking Bill He’s Yet To Cosponsor

A GOP senator said on Monday that he hopes a House-passed bill to protect banks that service marijuana businesses from being penalized by federal regulators advances to the president’s desk. That may come as a surprise to some, however, as Sen. Roy Blunt (R-MO) has so far declined to cosponsor the legislation, which is pending action in the Senate Banking Committee. While Blunt is no fan of cannabis, he told KOLR 10 that he supports the Secure And Fair Enforcement (SAFE) Banking Act because the alternative—forcing marijuana companies to operate on a largely cash-only basis—is a public safety risk. “You’re just asking for more problems, in an industry frankly that I think really drifts toward problems anyway, but if you make it all cash, you’ve highly increased the bad things that can happen,” he said. That sentiment is partly why the bill cleared the House of Representatives in September, with significant bipartisan support. But while members of both parties have expressed concerns about maintaining the status quo, just five of the 33 cosponsors of the Senate companion version are Republicans. Blunt is not among those cosponsors, raising questions about the extent to which he’s willing to support an effort to…

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Source : MJ moment
Link to original : GOP Senator Voices Support For Marijuana Banking Bill He’s Yet To Cosponsor
reposted by Cannabis News World

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