Key Senate Chairman Signals Marijuana Banking Will Wait Until 2023, Says There’s ‘Interest In The Republican House’

Key Senate Chairman Signals Marijuana Banking Will Wait Until 2023, Says There’s ‘Interest In The Republican House’
MJ moment

Senate Banking Committee Chairman Sherrod Brown (D-OH) signaled on Thursday that marijuana banking reform might be on hold until the next Congress in 2023, rather than passed during the lame duck session as advocates and stakeholders had hoped. However, Brown’s office told Marijuana Moment that the senator still would like to see the reform included in omnibus appropriations legislation this year so long as it contains additional provisions that he supports. Asked about the Secure and Fair Enforcement (SAFE) Banking Act, the senator told Punchbowl News’s Brendan Pederson on Thursday that he expects to “take it up and get it through” in 2023, adding that “there’s interest in the Republican House.” Brown also expressed interest in the expanded SAFE Plus bill that Senate leadership has been finalizing because it’s expected to go beyond simple banking reform and also contain other provisions dealing with expungements and more. Brown has been lukewarm on the version of SAFE that has passed the House several times. But he's now more supportive with the Senate version that we've been talking about, which should include a lot of cannabis equity provisions — expungement funds, mortgage access and more — Brendan Pedersen (@BrendanPedersen) December 15, 2022 The new 2023 comments seemed to depart from what Brown said in an interview that aired on Monday, with the senator insisting that a deal with banking included “absolutely could still happen,” and lawmakers were “this close to a deal,” placing his thumb and index fingers about an inch apart. But while the new remarks raised some initial concerns for advocates and stakeholders, Brown’s office sent a clarifying statement to Marijuana Moment on Thursday. “Senator Brown would support SAFE Plus in the omnibus bill,” they said. “SAFE Plus includes provisions Senator Brown supports, such as clarity for [community development financial institutions]…

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Source : Key Senate Chairman Signals Marijuana Banking Will Wait Until 2023, Says There’s ‘Interest In The Republican House’

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