Key GOP Congressman Keeps Door Open For Marijuana Banking In 2023, While Law Enforcement Steps Up Push For Passage In Lame Duck

Key GOP Congressman Keeps Door Open For Marijuana Banking In 2023, While Law Enforcement Steps Up Push For Passage In Lame Duck
MJ moment

As advocates and stakeholders wait to see whether a large-scale spending bill will contain marijuana banking reform, the incoming Republican chair of a key House committee says that while he still opposes the proposal, he wouldn’t stand in its way. At the same time, reform friendly law enforcement representatives are sending a clear and coordinated message to Congress to pass the Secure and Fair Enforcement (SAFE) Banking Act now with the limited time that’s left in the lame duck session. The omnibus appropriations legislation that supporters are hoping will serve as the vehicle for the cannabis banking measure is expected to be released as soon as Monday. There’s been a mix of optimism and pessimism as to the prospects of seeing that language attached, with doubts compounding in recent days as key lawmakers like Senate Minority Leader Mitch McConnell (R-KY) have voiced opposition to enacting the marijuana reform as part of the broader legislation. An attempt to pass SAFE Banking through the National Defense Authorization Act (NDAA) already failed earlier this month, which McConnell celebrated and later said should inform the congressional approach to the spending package. House SAFE Banking sponsor Rep. Ed Perlmutter (D-CO) has been “talking to leadership” about moving the reform through the appropriations process, a staffer with his office told Marijuana Moment last week. Senate Banking Committee Chairman (D-OH) has signaled that he sees cannabis banking as a likely 2023 issue, though a staffer said he’d still be open to passing it through appropriations if it contained broader provisions. Rep. Patrick McHenry (R-NC), who will serve as chairman of the House Financial Services Committee in the next Congress, is now indicating that he similarly feels that the issue will need to be decided after the lame duck. The congressman told Punchbowl News that he remains he…

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Source : Key GOP Congressman Keeps Door Open For Marijuana Banking In 2023, While Law Enforcement Steps Up Push For Passage In Lame Duck

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