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Schumer Reaffirms Commitment To Marijuana Banking Reform In White House Discussion, Bill Sponsor Says

The House sponsor of a marijuana banking bill says he recently spoke with Senate Majority Leader Chuck Schumer (D-NY) at an event at the White House and discussed the need to enact the bipartisan reform this session.

Rep. Ed Perlmutter (D-CO) said that he impressed upon the leader the importance of his Secure and Fair Enforcement (SAFE) Banking Act, which has cleared the House in some form seven times only to be held up in the Senate under Republican and Democratic control. Schumer, the congressman said, assured him that the chamber is “working on it” and is “going to get going” on the reform.

“Whether that was just lip service or reality, there is momentum,” Perlmutter, who is retiring at the end of this Congress, told KOA radio. “We’re going to get this done. It probably won’t happen until the lame duck session after the elections, but I’ve always felt confident that commonsense will prevail and we’ll get this finished, and I think we will.”

“If we allow legal [marijuana] businesses to have legal banking services, it only makes sense and it helps us in a public safety way so people don’t get killed—so that somebody in a dispensary isn’t

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