Senate Majority Leader Chuck Schumer (D-NY) is “confident” Congress will be able to pass a bipartisan marijuana banking bill this session—and other Democratic senators also echoed that point, according to a cannabis industry entrepreneur who spoke with the lawmakers recently.
After speaking at an event focused on higher education last week, Schumer was approached by the CEO of the Colorado-based cannabis company Simply Pure, Wanda James, who became the first Black woman in the country to own a licensed marijuana dispensary in 2009.
In a phone interview on Tuesday, James told Marijuana Moment that she spoke with the majority leader about the Secure and Fair Enforcement (SAFE) Banking Act, expressing how Black entrepreneurs in the industry are broadly supportive of the incremental reform to free up banks and credit unions to work with state-licensed cannabis businesses.
Democrats! Let’s get #SAFEBanking done! @SenSchumer small business owners in cannabis who happen to be Black need you and your team to get this done. We are counting on you. @SenatorBennet @SenatorHick pic.twitter.com/8IkYyJGSKy
— Wanda L. James (@WandaLJames) June 20, 2023
Schumer appeared “confident” that the marijuana bill, which received an initial hearing in the Senate Banking Committee last month, will advance and
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