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Senate may pass Marijuana Banking Reform !!

POLITICSIs Cory Booker Ready To Embrace Marijuana Banking Reform? New Comments Hint At Possible Pivot

Sen. Cory Booker (D-NJ) has long carried the torch of social justice in marijuana reform efforts, defiantly resisting calls to pass cannabis banking legislation before comprehensive legalization is enacted. But comments the senator made at a committee hearing he convened on Tuesday are catching attention, leaving some with the impression that the senator does see a path forward for some version banking reform in the short term.

Booker is the lead sponsor of a newly filed Senate legalization bill, alongside Senate Majority Leader Chuck Schumer (D-NY) and Senate Finance Committee Chairman Ron Wyden (D-OR). The legislation was a key talking point at the hearing before the Senate Judiciary Subcommittee on Crime that Booker chairs—but there was also some revealing discussion of the bipartisan Secure and Fair Enforcement (SAFE) Banking Act near the end of the meeting.

Booker talked about concerns with the economic status quo of the cannabis industry, especially as it relates to the negligible representation of minority-run businesses. Unlike socially and economically disadvantaged entrepreneurs, larger marijuana corporations have been able to thrive despite prohibition because they already have access to capital and financial services, he said.
https://www.marijuanamoment.net/is-cory-booker-ready-to-embrace-marijuana-banking-reform-new-comments-hint-at-possible-pivot/