Senator Chuck Schumer desires to finish the ban and reform hashish banking

Since the Democrats now control the Senate at this session, the Senate is Majority Leader Chuck Schumer (D-NY) is unwilling to risk a cannabis legalization bill he was working on by first pushing a more humble cannabis banking move.

Recently, declared the senator that he and his staff plan to introduce their bill soon to end the ban on the facility. He went on to discuss that the banking reform bill, which has already been tabled, will have to wait because “we are not going to negotiate against ourselves”.

During an interview with Marijuana moment, Senator Schumer argued that passing these types of laws to protect banks that provide services to government-licensed cannabusiness companies has the potential to risk the advancement of major reform. The idea here is that Republicans and moderate Democrats, who are still thinking about bold policy changes, are not as likely to vote for them if they get a more humble bill like this SAFE Banking Act (Secure and Fair Enforcement).

The House approved the cannabis bank account at that meeting, with largely bipartisan lines leading the way.

“We want a strong, comprehensive calculation. We’ll introduce it, ”said Senator Schumer The alarm clock Podcast host Bakari Sells. He added that “there is tremendous support” to end the ban, even in conservative states like South Dakota, where a reform initiative was approved in 2020.

“We will get support from the right here too, we hope, and we will push it forward,” said Schumer. “It will take a while. We need a mass campaign. But there is real excitement in the country for doing this. “

Senator Schumer’s work with the Senate Finance Committee Chairman Ron Wyden (D-OR) and Sen. Cory Booker (D-NJ) for drafting a legalization law is also noteworthy. The past few months have focused on this bill, and he has also pushed for reform on several fronts, including in the Senate and at a cannabis rally in New York City.

In addition to calling for an end to the ban, Senator Schumer believes his proposal will “ensure restorative justice, public health, and responsible taxation and regulation,” akin to the recently signed New York governor’s legalization bill.

Senator Schumer and his colleagues plan to bring the law to legalization in the chamber soon. He urged voters to turn to their congressional officials to make it clear that “this is long overdue”.

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