If President Donald Trump moves forward with marijuana rescheduling, the reform would be an “important domino” to advance bipartisan cannabis banking legislation, the GOP Senate sponsor says.
In an interview with Ask a Pol reporter Matt Laslo that was released on Friday, Sen. Bernie Moreno (R-OH) was asked about his earlier comments about how his legislation, the Secure and Fair Enforcement Regulation (SAFER) Banking Act, would be taken up this fall, which began last week.
“We’re still seeing what we can do to get it done in Q4,” the senator said. “As you know, the Democrats give us a lot of stuff to do. We have to fund the government, we have to get [the National Defense Authorization Act, or NDAA] across the finish line. We’ve gotta get [Trump’s judicial nominations] done.”
Pressed on Trump’s prior endorsement of moving cannabis from Schedule I to Schedule III of the Controlled Substances Act (CSA), Moreno said that modest reform is “obviously” an “important domino” in the process, and “there’s a lot of my colleagues that would have that concern if we didn’t do the rescheduling” before enacting the banking legislation.
“So we’ll look at that—but we have time. We have time,” the
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