Three congressional lawmakers participated in a briefing about the path forward for marijuana banking reform on Wednesday, reaffirming the urgent need for a policy change as a public safety and economic equity issue and addressing the political “momentum” that they’ve built to finally enact reform.
The event, organized by the U.S. Cannabis Council (USCC), coincided with the release of two new industry ads that highlight the consequences of the status quo for small businesses and the violent crime targeted at cash-intensive marijuana shops that are largely excluded from the traditional financial system.
Rep. Ed Perlmutter (D-CO) spoke at the event about the two House-passed vehicles containing the Secure and Fair Enforcement (SAFE) Banking Act, which he’s sponsoring, that now “sit in the Senate.” There’s a standalone bill, as well as an amendment included in must-pass defense legislation.
He added that the reform could also be folded into a broader package of incremental cannabis policy proposals that’s being discussed in bicameral and bipartisan offices.
The congressman said that passing the measure is necessary “so that we can reduce the danger that people in the cannabis industry face.”
At the briefing, USCC showed an ad featuring the father of a son, Jordon
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