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Booker Says There’s Republican Support For ‘SAFE Banking Plus’

HUGE News: Safe Banking plus may pass Soon!!!

Booker Says There’s Republican Support For ‘SAFE Banking Plus’ Marijuana Compromise
In a pair of new interviews, Sen. Cory Booker (D-NJ) is getting more specific about the path forward for marijuana reform this Congress, explicitly acknowledging plans to advance “SAFE Banking Plus” legislation that combines financial fixes for the cannabis industry with other, more justice-focused incremental policy changes—which he predicts could pass sometime between November’s midterm elections and January.

Advocates and industry stakeholders have been hanging on the senator’s words in the weeks since he filed a long-awaited federal legalization bill alongside Senate Majority Leader Chuck Schumer (D-NY) and Senate Finance Committee Chairman Ron Wyden (D-OR).

That’s because, for the better part of the past year, Booker has drawn a clear line in the sand, insisting that comprehensive legalization must be enacted first before modest reforms like the Secure and Fair Enforcement (SAFE) Banking Act advance in his chamber.

Since filing the Cannabis Administration and Opportunity Act (CAOA), however, Booker has characterized himself as a “compromise guy,” ready and willing to work with his colleagues across the aisle to get something done on marijuana policy before the end of the session.

That something will likely be what’s become known as “SAFE Banking Plus” that combines protections for financial institutions that work with state-legal cannabis businesses with other reforms such as expungements for people with past convictions and industry access to federal Small Business Administration (SBA) services. Schumer has been holding bipartisan and bicameral talks about what such a marijuana omnibus bill might look like.

https://www.marijuanamoment.net/booker-says-theres-republican-support-for-safe-banking-plus-marijuana-compromise/