Cannabis banking supporters scramble to reach lame-duck deal

November 25, 2022
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The Senate is trying to get a package of cannabis-related legislation over the finish line in this Congress.

Urgency is building in the Senate to get cannabis legislation passed before the year is over.

The specter of a Republican-led House has lit a fire under proponents of cannabis banking legislation, according to three House and Senate staffers involved in discussions on both sides of the aisle.

Senate Banking Chair Sherrod Brown (D-Ohio), Sens. Steve Daines (R-Mont.) and Jeff Merkley (D-Ore.) and other lawmakers met with Majority Leader Chuck Schumer last week to talk about the SAFE Banking Act. Lawmakers and staffers all said a concerted effort is underway to find common ground between Republicans and Democrats.

“We’re serious. We want to do this,” Brown said. “I’m actually fairly optimistic and hopeful that we will come to an agreement.”

The key to passage is twofold. They must find a pairing of financial services and criminal justice reform-centered cannabis legislation that progressive Democrats and conservative Republicans can all accept. And then they must receive sign-off from the leaders of the Senate Banking Committee, House Financial Services Committee, and the four corners of party leadership in both chambers. [Read More @ Politico]

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