Bipartisan congressional lawmakers are stepping up the push to pass a marijuana banking bill this year at the same time cannabis business leaders are descending upon Washington, D.C. for lobby days organized by a leading cannabis industry association. And at a press briefing on Wednesday, a senator gave updated details about possible additions to the legislation.
As Senate leadership works to finalize a package of marijuana reforms that’s expected to include banking provisions, the bipartisan and bicameral sponsors of the Secure and Fair Enforcement (SAFE) Banking Act say it’s time to take action on the House-passed standalone legislation.
The National Cannabis Industry Association (NCIA) ramped up its advocacy for the bill this week, bringing in more than 100 stakeholders for two days of lobbying on Capitol Hill involving more than 100 meetings with lawmakers and staff to drive home the point that they want to see the SAFE Banking Act enacted in 2022. The bill has passed the House in some form seven times now, but it’s stalled in the Senate under both Democratic and Republican control.
At a press conference on Wednesday, sponsors of the standalone banking bill reiterated the urgency of enacting reform this session, reiterating the public
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