Cory Booker Clarifies He Supports Marijuana Banking Bill, But Says It’s A ‘Sweetener’ To Pass Legalization

MJ moment

Sen. Cory Booker (D-NJ) has recently taken a forceful position against passing a marijuana banking bill in the near future—but it’s not necessarily because he opposes the bipartisan proposal itself, he clarified on Wednesday. Instead, the senator said that he feels that holding off on voting on the banking reform could encourage his colleagues to support more comprehensive legislation to legalize cannabis and promote social equity, like the draft bill that he, Senate Majority Leader Chuck Schumer (D-NY) and Senate Finance Committee Chairman Ron Wyden (D-OR) recently released. “First of all, don’t get me wrong, I support the SAFE Banking Act. I think it’s a phenomenal bill,” he said during an interview with Yahoo Finance. “I’m one of these folks that is out here working with cannabis industries—not only across the state of New Jersey, but around the country.” Watch a partial video of Booker’s quoted remarks below (which will be replaced with full video when available): Cory Booker- I support #SafeBanking I work closely with #Cannabis IndustryI want SafeBanking$curlf $gtbif $msos $trssf $crlbf $tcnnf $hrvsf $cchwf $grwg $vrnof $gage — Jason Spatafora (@WolfOfWeedST) July 21, 2021 “I feel like I am one of their greatest champions when it comes to ending the nightmare of prohibition and the ridiculousness of so many businesses having to operate in cash that increases danger,” he said. Booker has caught some flak from industry stakeholders since the unveiling of his legalization bill—the Cannabis Administration and Opportunity Act (CAOA)—because he’s repeatedly pushed back against the idea of passing more modest and bipartisan legislation first that would simply protect banks that work with state-legal marijuana businesses. He took questions on Twitter about the issue on Monday, with several people arguing that his steadfast opposition to advancing the SAFE Banking Act before broad reform is ill-conceived…

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Source : Cory Booker Clarifies He Supports Marijuana Banking Bill, But Says It’s A ‘Sweetener’ To Pass Legalization

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