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Federal cannabis legalization bill filed by 18 senators (Newsletter: May 2, 2024)

WH: Rescheduling part of Biden campaign pledge; SAFE Banking debate; Congress psychedelics vote; SC medical marijuana; OH legalization changes

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Senate Majority Leader Chuck Schumer (D-NY) and 17 other Democratic senators filed a bill to federally legalize marijuana—one day after the Drug Enforcement Administration agreed to reschedule cannabis.

White House Press Secretary Karine Jean-Pierre said the federal move to reschedule marijuana is part of fulfilling the pledge President Joe Biden made to voters in the 2020 campaign.

Senate Majority Leader Chuck Schumer (D-NY) said he’s not giving up on trying to attach marijuana banking provisions to an aviation bill even though House Speaker Mike Johnson (R-LA) and Senate Minority Leader Mitch McConnell (R-KY) are opposed.

Sen. Chuck Grassley (R-IA) argued during a hearing that passing a marijuana banking bill will mean that

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