During a press briefing earlier this week, Rep. Earl Blumenauer revealed that he was optimistic about the possibility of including cannabis banking reforms in the final version of the large-scale manufacturing bill that will soon be signed into law. The Congressman has championed for marijuana legalization for a while now and is currently involved in negotiations on the America COMPETES Act. During the briefing, the Congressman stated that there was a joint effort among conferees in both chambers to ensure that the SAFE Banking Act, which was approved by the House, was attached to the final conference report that is forwarded to President Joseph Biden’s desk. Blumenauer explained that now was the ideal opportunity to get some movement on cannabis banking. The first meeting on this large-scale measure was held by the conference committee last week, with various conferees calling for the body to include the language of the SAFE Banking Act in the measure in the interest of public safety and economic competitiveness.
CannabisNewsWire, 05/24/2022 04:20:00