Mitch McConnell sounds convinced that the SAFE Banking Act is not the right call for now. According to the Senate Minority Leader, the cannabis banking measure is basically going to promote irresponsible consumption of weed among adult Americans. In his words, the bill will only help Americans get stoked on pot.

Schumer further explained that the pro-cannabis lawmakers plan to use the great work achieved by the state of New York on cannabis reforms as an example. They want to reopen a case for marijuana reform that could turn around the ills of the war on drugs at the federal level. According to Schumer, Americans can be satisfied with only state laws. Not to mention that the absence of a national cannabis law creates problems for many operators in the cannabis industry.

Sixth Time The Charm? Marijuana Banking Bill Sponsor Optimistic About Senate Approval

By Jelena Martinovic Earlier this month, the U.S. House of Representatives formally attached a cannabis banking reform amendment to large-scale legislation dealing with innovation and manufacturing. Following the approval of the amendment from sponsor Rep. Ed Perlmutter (D-CO) on a voice vote as part of an ‘en bloc group’ with other amendments, the chamber passed the package on Feb. 3 […]

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House Approves Marijuana Banking Bill, Attaches It To America COMPETES Act

The amendment from sponsor Rep. Ed Perlmutter (D-CO) was preliminarily approved on Wednesday on a voice vote.

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The year 2021 was an emotional roller coaster for marijuana banking. It culminated in the death of the Secure and Fair Enforcement (SAFE) Banking Act in the Senate, when it didn’t make it into the National Defense Authorization Act (“NDAA”). As a result, licensed cannabis businesses are left hanging high and dry (again) on broad

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