Senator Schumer Drives Moral Imperative In Marijuana Banking Bill Amidst GOP Uncertainty

Senate Majority Leader Chuck Schumer (D-NY) is actively pursuing a bipartisan marijuana banking bill and intends to incorporate "criminal justice provisions" into it.

In a letter addressed to Todd Harrison, an investor in the cannabis industry, Schumer expressed his plan to integrate criminal justice reforms from a separate federal legalization bill that he sponsors. As reported by Marijuana Moment, these reforms encompass expungements and additional measures, including potential resentencing for individuals currently incarcerated for federal non-violent cannabis offenses.

Schumer's goal is to merge these criminal justice reforms into the Secure and Fair Enforcement Regulation (SAFER) Banking Act, which received committee approval in September and awaits floor action. This initiative is part of his broader Cannabis Administration and Opportunity Act (CAOA), where he aims to ensure the inclusion of these provisions in the banking legislation "when it reaches the floor."

Though new GOP House speaker Mike Johnson has consistently voted against most all cannabis-related legislation including the cannabis banking reform, Senate Republicans led by Sen. Steve Daines (R-MT) say they will persistently work to align the Senate bill with its House counterpart.

See also: Buzz Kill: Mike Johnson's Election As New House Speaker Does Not Bode Well For Cannabis Legalization Nor Banking Reform

“We’re still moving forward,” Daines said. “We’re working with our House colleagues who have the companion bill to get alignment between both of the chambers,” according to Politico.

Furthermore, Sen. Cynthia Lummis (R-WY) stated that she believes the GOP House speaker's opposition won't hinder progress, as scheduling a floor vote ultimately rests with Schumer.

Schumer's focus extends to various provisions, including state-level expungements, protecting gun rights for cannabis consumers, and resentencing for those imprisoned for federal non-violent marijuana offenses.

Finally, Schumer emphasized the "moral responsibility" to address the damage caused by the War on Drugs, striving to pass cannabis legislation that incorporates essential criminal justice reforms. You can read the full story at Marijuana Moment.

See also: $1 Trillion And 50 Years Later, Is The DEA's War On Drugs A Failure?

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