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Marijuana banking ‘unlikely’ to pass Republican House, GOP senator says

The latest Congressional leadership crisis means the Republican-controlled House of Representatives is “unlikely” to take up marijuana banking reform, a GOP senator believes.

Speaking to investment podcast The Dales Report about the SAFER Banking Act, Republican Sen. Rand Paul of Kentucky predicted that GOP House Speaker Mike Johnson – whose grip on the gavel is weakening thanks to another far-right revolt – won’t want to risk further alienating his caucus.

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And that’s if Congress can find the time amid other more pressing business to consider marijuana banking reform.

All that, Paul believes, is “unlikely.”

“I mean, look – they’ve having trouble bringing up spending bills,” he said.

“The speakership is dependent on not bringing up things a majority of Republicans don’t want.”

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