"The SAFE Banking Act seeks to harmonize federal and state law by prohibiting federal regulators from taking punitive measures against depository institutions that provide banking services to legitimate cannabis-related businesses and ancillary businesses that serve them,"The Democrat-held House haspassed the bipartisan SAFE Banking Act, only for it to stall in the divided Senate.
"It's not everything we would've wanted, of course," Schumer acknowledged."When you're dealing in a bipartisan, bicameral way, you have to sit down and get it done and that means each side has to concede some things, but it is something that we can be very proud of—all of us. Now we must get this done before Friday, well before that if possible.
"We are deeply disappointed in leadership on both sides of the aisle and the lack of action on SAFE Banking over the past two years,"Kim Rivers, CEO of Trulieve, a vertically integrated cannabis company that operates in multiple states."The 425,000 employees working in the legal cannabis industry will continue to face undue risk of robberies and economic harm."
of whether cannabis should be criminalized at all to the first standalone cannabis-related bill being signed into law to fund important research—2022 will still mark the turning point in our fight to legalize cannabis.
NORML That has never stopped the 1% from destroying society in the past.
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