Supporters of long-awaited marijuana banking reform are pinning hopes on Congress packaging a cannabis bill with must-pass legislation.
Congress has yet to get the SAFER Banking Act across the finish line despite almost a decade of trying – and repeated success in the House of Representatives.
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As Barron’s recently reported, one option for SAFER Banking involves packaging the bill with cryptocurrency reform.
A marijuana reform/crypto bill then would be included in a must-pass Federal Aviation Administration (FAA) reauthorization bill.
Banking reform supporters have attempted such techniques in the past without success.
In December 2022, efforts to include cannabis banking with a budget or defense-spending bill failed, thanks in large part to Republican opposition.
It’s unclear whether chances of passage are better this year.
Read full article on Marijuana Business Daily
