Top Senate Democrat Includes Marijuana Banking Protections In New Coronavirus Relief Bill

Top Senate Democrat Includes Marijuana Banking Protections In New Coronavirus Relief Bill

The top Democrat in the Senate introduced a coronavirus relief bill on Monday that contains provisions to protect banks that service state-legal marijuana businesses from being penalized by federal regulators. As Congress and the White House continue to negotiate details of a potential COVID-19 relief deal, Senate Minority Leader Chuck Schumer (D-NY) seemed to take a page from a recently passed House version that also includes language of the Secure and Fair Enforcement (SAFE) Banking Act. It’s unclear whether the Trump administration or Republican-controlled Senate will be amenable to including cannabis provisions in any package that has a chance of being enacted, but advocates view Schumer’s move in the meantime as a positive signal that Democrats will continue to press the issue. If lawmakers hope to pass the next round of coronavirus relief ahead of the election, time is running out to strike a deal. House Speaker Nancy Pelosi (D-CA) and Treasury Secretary Steven Mnuchin have been actively attempting to find common ground on COVID-19 aid, but it remains to be seen whether they will reach an agreement that can be approved by both chambers and signed by the president. The cannabis banking language has twice appeared in House-passed COVID-19 proposals, and the chamber has approved it both times. That said, it hasn’t advanced without controversy, as multiple Republican lawmakers and White House officials have criticized its inclusion, arguing that it is not germane to the issue at hand. Senate Majority Leader Mitch McConnell (R-KY) in particular has been a…

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Source : MJ moment
Link to original : Top Senate Democrat Includes Marijuana Banking Protections In New Coronavirus Relief Bill
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