Congressman Pledges To Be A ‘Real Pest’ Until Senate Passes His Marijuana Banking Bill

Congressman Pledges To Be A ‘Real Pest’ Until Senate Passes His Marijuana Banking Bill
MJ moment

Rep. Ed Perlmutter (D-CO) says that he intends to continue to put significant pressure on his Senate colleagues to advance a bill protecting banks that work with state-legal marijuana businesses as he prepares for retirement from Congress. Speaking at an event hosted by the American Bankers Association (ABA) on Tuesday, the sponsor of the Secure and Fair Enforcement (SAFE) Banking Act was pressed on the measure’s prospects after it’s cleared the House six times now in some form without any action in the Senate under either Republican or Democratic control. “I will continue to be a real pest, and persistent in getting this done,” Perlmutter told ABA executive vice president for congressional relations and political affairs James Ballantine, stressing the public safety concerns that have emerged like robberies of state-legal marijuana retailers who are currently forced to operate on a largely cash-only basis. It’s not just your run-of-the-mill robberies that the cash-intensive industry faces, either, Perlmutter said. He referenced instances where police have allegedly targeted armored cars “filled with cash from medical dispensaries” and seized the dollars, which “seemed to [have] a little bit of help by the federal government—FBI in one instance, the DEA and another—even though was all perfectly legal at the time.” The congressman took the ABA official through the timeline of the SAFE Banking Act and how the notion of such cannabis reform was first laughed off by his colleagues years ago. But as the issue gained momentum, he’s faced different obstacles. With the GOP in control of the Senate last session, key lawmakers blocked hearings because they felt it was too broad; with Democrats now in control, they tell him it’s too narrow. — Marijuana Moment is already tracking more than 1,000 cannabis, psychedelics and drug policy bills in state legislatures and Congress this year.…

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Source : Congressman Pledges To Be A ‘Real Pest’ Until Senate Passes His Marijuana Banking Bill

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