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Key senator open to compromise, hopeful of some US marijuana reform
By MJBizDaily Staff
August 5, 2022

U.S. Sen. Cory Booker said this week he would support cannabis banking reform separate from a comprehensive federal legalization bill as long as the banking measure includes a “restorative justice” piece to give relief to those convicted of nonviolent marijuana offenses.

The New Jersey Democrat talked about being open to compromise in interviews with NJ Spotlight News and Cheddar News and expressed optimism that some kind of reform can get done before the end of the current Congress.

Booker previously has been adamant that comprehensive marijuana reform should be the priority rather than passing the SAFE Banking Act as a stand-alone bill.

SAFE Banking would enable financial institutions to provide banking services to state-legal marijuana businesses without fear of federal reprisal.

Booker said “conversations” are going on right now and it “should not be that hard to get in some kind of compromise.”

He added that he’s “hopeful” something can get done before the new Congress is seated in January 2023.