Congressman Says He’s Finally Overcome Marijuana Banking ‘Hurdle’ With Introduction Of Senate Legalization Bill

Congressman Says He’s Finally Overcome Marijuana Banking ‘Hurdle’ With Introduction Of Senate Legalization Bill
MJ moment

The House sponsor of a bipartisan marijuana banking bill says that the recent introduction of Senate Majority Leader Chuck Schumer’s (D-NY) federal legalization measure is the “hurdle” that lawmakers needed to overcome to finally pass his more modest reform legislation. Rep. Ed Perlmutter (D-CO) has been adamant about getting the Secure and Fair Enforcement (SAFE) Banking Act enacted before he retires from Congress at the end of this session. But while it’s passed in the House seven times in some form, it’s stalled in the Senate under both Republican and Democratic leadership. Now that Schumer and colleagues have filed their wide-ranging legalization bill, Perlmutter told KOA NewRadio in Denver on Tuesday that there’s a clearer path to passage for the banking legislation. “I think we may have just overcome our hurdle last week to getting this passed,” Perlmutter said, referencing the filing of the Cannabis Administration and Opportunity Act (CAOA). “I think we’ll get it passed.” Listen to Perlmutter discuss the path forward for the SAFE Banking Act in the audio below:  Schumer and other lawmakers like Sen. Cory Booker (D-NJ) have been viewed as obstacles to putting the SAFE Banking Act to a vote in the Senate. They’ve insisted on attempting to pass comprehensive cannabis reform that includes equity provisions first before they would entertain advancing the incremental policy change. Perlmutter said that there are many laudable provisions of the leader’s proposal, but “the trouble is they don’t have the votes to pass that sweeping a piece of legislation.” That’s generally been the understanding among lawmakers, stakeholders and advocates who have been quick to point out that reaching the 60-vote threshold to pass the bill in the Senate is unlikely given the lack of consensus among Democrats and the likely opposition of Republicans. “I think the fact they introduced…

Excerpt only …
READ MORE BELOW
Source : Congressman Says He’s Finally Overcome Marijuana Banking ‘Hurdle’ With Introduction Of Senate Legalization Bill

reposted by Cannabis News World

This site uses Akismet to reduce spam. Learn how your comment data is processed.