Senate Majority Leader Chuck Schumer (D-NY) is asking people to show their support for a marijuana banking bill by signing a petition as he steps up his push for the legislation. In a new email about the effort, he also reiterated his support for comprehensive federal cannabis legalization.
With Congress positioned to pass a final package of appropriations legislation for the current fiscal year, lawmakers have been renewing their call to move the Secure and Fair Enforcement Regulation (SAFER) Banking Act. And in an email blast on Friday, Schumer again leaned into the issue.
“Can you imagine running a business without being able to deposit your money anywhere?” the email says. “That’s the reality for law-abiding marijuana businesses across the country.”
“In states where marijuana is legal, these businesses have extremely limited access to basic banking services like deposits or lines of credit. They’re forced to keep massive amounts of cash on hand—a danger for everyone involved,” it continues. “Banks are nervous to interact with legal marijuana businesses because marijuana remains illegal at the federal level.”
“I firmly believe that we should legalize marijuana. But while I continue pushing for legalization, these businesses need our immediate support,” Schumer said in
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