The Introduction Of Marijuana Legalization In The Senate Is A Step Forward For Cannabis Banking, Says Congressman Perlmutter

Rep. Ed Perlmutter (D-CO), the House sponsor of a bipartisan cannabis banking bill expressed that the federal measure recently introduced for Senate Majority Leader Chuck Schumer (D-NY) is the “hurdle that lawmakers needed to overcome to finally pass his more modest reform legislation," reported Moment.

Before Perlmutter retires from Congress, at the end of this session, he pushed about getting the Secure and Fair Enforcement (SAFE) Banking Act enacted. “I think we may have just overcome our hurdle last week to getting this passed,” Perlmutter said, referencing the filing of the Cannabis Administration and Opportunity Act (CAOA). “I think we’ll get it passed.”

SAFE Banking Act has passed the House seven times. However, it is still in the Senate under Republican and Democratic leadership. "Now …

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