Rep calls banking bill best shot at pot reform this session

By Sam Reisman (April 19, 2022, 5:12 p.m. EDT) — The House member behind a bipartisan bill to expand the cannabis industry’s access to banking services on Tuesday urged Democratic leaders in the Senate to pass the legislation, saying it presents the “best opportunity” to push federal marijuana reform through Congress this session.

The bill’s sponsor, Rep. Ed Perlmutter, D-Colo., told his Senate colleagues that he shares their goal of enacting comprehensive cannabis legalization reform, but that his legislation, the SAFE Banking Act , represented an achievable victory that would benefit the industry in immediate and tangible ways.

The bill is generally described as a “gradual” reform effort because it would not deprogram…

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