A GOP senator says that while he supports a bipartisan marijuana banking bill, he feels that Democratic leadership is being generally uncooperative, casting doubts on the prospects of passage.
Sen. Tommy Tuberville (R-AL), said that he’d be a “yes” vote on the Secure and Fair Enforcement (SAFE) Banking Act if it reaches the floor.
“We need to get it passed, but the Democrats obviously control the Senate floor, and there is no way we can get it down there,” the senator, who won his seat after defeating former U.S. Attorney General Jeff Sessions in a primary election, said.
“You know, a lot of them want to legalize marijuana entirely, which is a separate issue,” Tuberville told reporters last week, according to Alabama Today. “But SAFE Banking is about the access to basic banking services for businesses that are legal in the states where they operate.”
“Under current federal law, banks and credit unions are not allowed to bank for legal cannabis businesses or businesses that provide services to legal cannabis businesses,” he added. “So we’ve got to protect people’s cash.”
The senator said that he’s been in “contact with people from all over the country who have worked with cannabis
Read full article on Marijuana Moment
