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US: Schumer says cannabis banking bill will go to senate floor

Senate Majority Leader Chuck Schumer (D-NY) spoke at a cannabis rally in New York City on Saturday, vowing again to pass federal cannabis banking reform legislation as Congress works to end prohibition.

Schumer was among a variety of lawmakers, officials, advocates, and entrepreneurs to reflect on the progress of the reform movement at the NYC Cannabis Parade & Rally (NYCCPR), which celebrated its 50th anniversary on Saturday.

This is the third year in a row that the majority leader has participated in the event. He told attendees that there’s ample reason to celebrate, from the rollout of New York’s adult-use market to progress on federal cannabis policy reform on Capitol Hill.

“We struck a real victory here in New York with legalization, which I pushed the legislature to do,” Schumer said. “And while there are definitely real changes in implementation in this state, no one—no one—can take away what legalizing cannabis means as a bellwether in this country. Now Congress has to catch up. I’m working on Congress to catch up to New York.”


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