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…

Stay one step ahead

In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.

  • Access to case data in articles (numbers, filings, courts, nature of lawsuits, etc.)
  • Access to attached documents such as briefs, motions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and more!