Marijuana Banking Left Out Of Congressional Spending Bill, Senate Source Confirms

Marijuana Banking Left Out Of Congressional Spending Bill, Senate Source Confirms
MJ moment

Marijuana banking reform has been excluded from a large-scale spending bill that’s expected to be released on Monday, a Senate staffer familiar with negotiations confirmed with Marijuana Moment. It’s not currently known whether the omnibus appropriations legislation includes a number of other marijuana and drug policy reforms that the House included in its versions of various spending bills earlier this year, or it if maintains a rider that has prevented Washington, D.C. from implementing a system of regulated, adult-use cannabis commerce. The omnibus development represents the second major setback for supporters of the Secure and Fair Enforcement (SAFE) Banking Act during the lame duck session. After the proposal was excluded from the National Defense Authorization Act (NDAA) earlier this month, the hope was that appropriations could serve as the vehicle for protecting banks that work with state-legal marijuana businesses. That didn’t pan out, as Politico first reported. Despite Senate Majority Leader Chuck Schumer (D-NY) “making a last ditch effort” to put cannabis banking reform in the omnibus, as one senior Democratic Senate staffer put it last week, negotiations failed to produce a package that includes the measure. The lack of SAFE Banking language leaves supporters with few legislative options—and very little time—to advance the reform during the final weeks of the lame duck. It’s still theoretically possible that the bill, or the broader SAFE Plus package that Schumer has been working on, could be introduced as a standalone—but with only days left before lawmakers adjourn for the year that seems like a remote possibility at best. The SAFE Plus legislation is expected to contain marijuana banking in addition to other proposals related to cannabis expungements and gun rights for marijuana consumers, among other provisions. Most advocates will now look ahead to 2023 and the possibility of advancing the reform in…

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Source : Marijuana Banking Left Out Of Congressional Spending Bill, Senate Source Confirms

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