A Democratic congressman says he will again attempt to add language federally protecting banks that service state-legal marijuana businesses to the next coronavirus relief package. “I plan on asking that. Whether it gets in there or not, we’ll see how that works,” Rep Ed Perlmutter (D-CO), sponsor of the Secure and Fair Enforcement (SAFE) Banking Act, told Yahoo Finance Live. He added that he also intends to advance the proposal as a standalone bill if necessary. Perlmutter noted that in the last session, the House passed his cannabis proposal as standalone legislation, but “the Senate sat on it, so the Senate’s go to get busy and work on this subject.” The measure also advanced twice through the House as part of COVID relief, and it was included in a proposal from then-Senate Minority Leader Chuck Schumer (D-NY) that did not get a vote.

Kyle Jaeger, Marijuana Moment, 02/02/2021 13:35:00

Open article: https://www.marijuanamoment.net/congressman-says-he-will-push-for-marijuana-banking-to-be-in-next-covid-package/