Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber

Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber

US: Schumer says cannabis banking ‘won’t be easy’

Senate Majority Leader Chuck Schumer (D-NY) says lawmakers will “hit the ground running” in 2024, aiming to build on bipartisan progress on several key issues, including cannabis banking reform—though he noted it “won’t be easy.”

As the Senate recesses for the holidays, Schumer delivered a floor speech on Wednesday touting the chamber’s 2023 legislative achievements, while emphasizing that “there’s a lot we must do” in the second half of the 118th Congress.

Senators “made large progress in a bipartisan way on new parts of our agenda,” Schumer said, adding that the same bipartisanship will be “essential in a divided government” to pass additional priority legislation such as the Secure and Fair Enforcement Regulation (SAFER) Banking Act that stalled out this year after clearing the Senate Banking Committee in September.

He listed “SAFE Banking and cannabis reform” alongside other top 2024 priorities such as bolstering economic competitiveness with China, promoting railway safety and addressing youth online privacy issues.

Read more at marijuanamoment.net

Publication date: