US: Former cannabis regulators call for 10 equity amendments to bipartisan cannabis banking bill

With the end of the current Congress approaching, efforts to find areas of compromise on cannabis reform are increasing, with lawmakers, advocates, and stakeholders increasingly willing to set aside policy differences in the interest of getting something enacted before January.

The internal debate among reform supporters has long come down to the idea of incremental versus comprehensive, and the bipartisan Secure and Fair Enforcement Banking (SAFE) Banking Act is generally considered to represent the former side of the legislative spectrum as an achievable yet not particularly transformative change.

But while the standalone bill has faced criticism from certain equity-focused advocates and lawmakers, a new paper from the Cannabis Regulators of Color Coalition (CRCC) is one of the latest examples of how the reform conversation has evolved, with the group laying out a series of recommended amendments to the banking bill that they hope will bridge legislative divides.

CRCC’s paper, published by the Ohio State University (OSU) Moritz College of Law, is titled “Not a SAFE Bet: Equitable Access to Cannabis Banking, An Analysis of the SAFE Banking Act.”

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