Marijuana Banking Has A ’50-50′ Chance To Pass Senate In Coronavirus Package, Sponsor Says

Marijuana Banking Has A ’50-50′ Chance To Pass Senate In Coronavirus Package, Sponsor Says

The lead sponsor of a marijuana banking reform bill that was inserted into a House-passed coronavirus relief package last week said on Thursday that he thinks there’s a 50-50 chance the Republican-controlled Senate will go along with the provision’s inclusion. Rep. Ed Perlmutter (D-CO) was asked about his Secure and Fair Enforcement (SAFE) Banking Act—which would protect banks that service cannabis businesses from being penalized by federal regulators—during an interview with Yahoo Finance on Thursday. Specifically, he was pressed about House Democratic leadership adding the bill’s language to their latest COVID-19 legislation—a move that generated seemingly coordinated opposition messaging from GOP lawmakers who argued that the provision is not germane in the context of a public health response to the pandemic. “It was one piece of a very big bill,” the congressman said, adding that when the standalone version of the SAFE Banking Act went up for a vote in the House last year, it enjoyed significant bipartisan support, with 91 Republicans joining a majority of Democrats voting in favor of the legislation. Colorado Rep. Ed Perlmutter tells me he puts odds of his pro-Marijuana banking bill getting the Republican support in the senate needed to pass at 50% The CEO of the largest US cannabis company told me he has not modeled that in#PotStocks #Marijuanapic.twitter.com/rpJrNJC6rW — Zack Guzman (@zGuz) May 21, 2020 Perlmutter again made the case that the marijuana banking language is necessary because it mitigates the risk of spreading the disease through the transfer of cash. “Clearly…

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Source : MJ moment
Link to original : Marijuana Banking Has A ’50-50′ Chance To Pass Senate In Coronavirus Package, Sponsor Says
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