The Senate Banking Committee will not be voting on cannabis banking legislation next week, despite the suggestions of some key insiders and analysts.
While top Senate players on both sides of the aisle have indicated that they’re prepared to move the Secure and Fair Enforcement (SAFE) Banking Act this fall after a “productive” August recess, a Banking Committee spokesperson told Marijuana Moment on Monday that the “markup won’t be next week.”
To be clear, no lawmakers involved in the legislation have publicly committed to holding a vote next week. But there’s been amplified speculation about that timeline, with GOP lobbyist Don Murphy and other industry observers predicting a markup on the week of September 18.
Jesse Redmond, an analyst with the firm Water Tower Research, noted in a report on Monday that “multiple sources” said the vote would take place the week of September 18.
This week in The Highlights I wrote about recent performance, what’s gone up the most, and why, plus new sales data from Illinois and Maryland. We also look forward to another busy week of Spaces & podcasts. A preview is below, read all 1,929 words here: https://t.co/o3UbryeMSH pic.twitter.com/OtrToiygKm
— Jesse Redmond (@jesseredmond) September 11,
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