Schumer’s “last ditch” cannabis banking push (Newsletter: December 19, 2022)

Schumer’s “last ditch” cannabis banking push (Newsletter: December 19, 2022)
MJ moment

Lawmakers push Biden on marijuana; Feds: Teen use stable as more states legalize; NJ sales surge; Former GOP congressman’s cannabis services company Subscribe to receive Marijuana Moment’s newsletter in your inbox every weekday morning. It’s the best way to make sure you know which cannabis stories are shaping the day. (function() { window.mc4wp = window.mc4wp || { listeners: [], forms: { on: function(evt, cb) { window.mc4wp.listeners.push( { event : evt, callback: cb } ); } } } })(); Email address: Leave this field empty if you’re human: Your support makes Marijuana Moment possible… Your good deed for the day: donate to an independent publisher like Marijuana Moment and ensure that as many voters as possible have access to the most in-depth cannabis reporting out there. Support our work at / TOP THINGS TO KNOW Senate Majority Leader Chuck Schumer (D-NY) is making a “last ditch effort” to include marijuana banking in the omnibus appropriations bill, a senior Senate Democratic aide told Marijuana Moment, adding that newly revised text has been shared with GOP lawmakers. Meanwhile, Sen. John Cornyn (R-TX), who has been a vocal opponent of marijuana legalization, said that passing banking reform “without a federal regulatory framework” for cannabis would be “irresponsible.” Members of Congress are circulating a sign-on letter calling on President Joe Biden to endorse federally descheduling marijuana as his administration’s position. It’s been signed so far by Sen. Elizabeth Warren (D-MA) and Reps. Earl Blumenauer (D-OR), Dave Joyce (R-OH), Barbara Lee (D-CA) and Brian Mast (R-FL). A National Institute on Drug Abuse official told Marijuana Moment that the latest results of the federally funded Monitoring the Future study show that “cannabis use remained stable” among teens even as more states continue to enact legalization and pandemic socialization restrictions have been lifted. New Jersey’s Cannabis Regulatory Commission…

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Source : Schumer’s “last ditch” cannabis banking push (Newsletter: December 19, 2022)

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