A GOP senator says the while a bipartisan marijuana banking bill remains stalled, with no recent discussions about advancing it as lawmakers focus on other legislative priorities, President Donald Trump’s move to reschedule cannabis could clear the path for further reform.
Sen. Bernie Moreno (R-OH), who is expected to sponsor the Secure and Fair Enforcement Regulation (SAFER) Banking Act in his chamber, told Marijuana Moment this week that there have still been “no” conversations about moving the legislation, despite previously predicting it would be taken up in the fall.
As the season comes to a close, however, Congress remains preoccupied with competing priorities such as extending health care subsidies and passing spending bills to keep the government funded.
“The line is deep in terms of getting stuff done, so that’s something we’ll think about once we get through all these things,” the senator said. But the cannabis banking bill could gain momentum under Trump’s plan to facilitate rescheduling, he added in a second interview.
The order issued on Thursday directs federal agencies to complete the process of moving marijuana from Schedule I to Schedule III of the Controlled Substances Act (CSA) and clears the way for a pilot program to
Read full article on Marijuana Moment
