On Tuesday, the Senate Majority Leader Mitch McConnell said he’s opposed to including marijuana reform measures in the next coronavirus relief legislation. House leadership attached provisions to the latest COVID-19 bill that would protect banks that service state-legal cannabis markets, but McConnell said during a press conference that it’s an example of policy language that is not germane to the scope of the legislation. While cannabis industry supporters contend such measures could provide critical funding and alleviate the spread of the virus by allowing alternatives to cash transactions in the cannabis market. As a result of McConnell’s and other republican concerns about cannabis banking, the new relief bill filed this week did not include marijuana banking at all.
– Kyle Jaeger, Marijuana Moment, 07/29/2020 9:08:58 AM