The U.S. House of Representatives formally attached a marijuana banking reform amendment to a large-scale bill dealing with innovation and manufacturing, marking the most recent development in the push to protect financial institutions that work with state-legal cannabis businesses. Article originally appeared on Benzinga Marijuana Moment first reported that the amendment from sponsor Rep. Ed Perlmutter (D-CO) was preliminarily approved on Wednesday on a voice vote as part of an ‘en bloc group’ with other amendments, but a roll call was requested. The chamber then took that package back up on Thursday and passed it in a 262-168 vote. “There was no floor debate about the cannabis provision itself, demonstrating how relatively noncontroversial the bipartisan-supported reform is in the House,” noted Marijuana Moment’s Kyle Jaeger. “The Senate, as observers of the issue know, is a different story.” Yes, we do. What’s Next? Advocates will need to wait and see whether the America COMPETES Act, with the now-attached Secure and Fair Enforcement (SAFE) Banking Act, will actually pass in the House on Friday when a final vote is expected.

420 Intel – Marijuana Industry News, 02/03/2022 19:00:00

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