Cannabis Investment Club

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"Congressman Says He’s Finally Overcome Marijuana Banking ‘Hurdle’ With Introduction Of Senate Legalization Bill":
July 26, 2022

The House sponsor of a bipartisan marijuana banking bill says that the recent introduction of Senate Majority Leader Chuck Schumer’s (D-NY) federal legalization measure is the “hurdle” that lawmakers needed to overcome to finally pass his more modest reform legislation.

Rep. Ed Perlmutter (D-CO) has been adamant about getting the Secure and Fair Enforcement (SAFE) Banking Act enacted before he retires from Congress at the end of this session. But while it’s passed in the House seven times in some form, it’s stalled in the Senate under both Republican and Democratic leadership.

Now that Schumer and colleagues have filed their wide-ranging legalization bill, Perlmutter told KOA NewRadio in Denver on Tuesday that there’s a clearer path to passage for the banking legislation.

“I think we may have just overcome our hurdle last week to getting this passed,” Perlmutter said, referencing the filing of the Cannabis Administration and Opportunity Act (CAOA). “I think we’ll get it passed.”

https://www.marijuanamoment.net/congressman-says-hes-finally-overcome-marijuana-banking-hurdle-with-introduction-of-senate-legalization-bill/