“Every day that Congress fails to act endangers the livelihood of these small businesses and their customers, puts local regulators and law enforcement at a disadvantage, and facilitates the activities of unlicensed operators and criminal organizations.”
“Democrats’ failure and the GOP’s continued resistance to any progress is out of step with voters’ opinion, is bad politics, and most importantly, it is bad public policy.”
The NAACP resolution states: “The SAFE Banking Act could enable cannabis businesses with social equity licenses … to better compete in the industry.”
The vote marks the seventh time that House members have advanced this language to the Senate as either an amendment or as a stand-alone bill.
“This narrowly tailored, incremental, and necessary legislation has broad bipartisan support in both chambers, and it is incredibly disappointing that politics continue to get in the way. If there is a legislative version of the Twilight Zone, the SAFE Banking Act seems to be stuck in it at this point.”
A bipartisan group of 24 Senators stood up for public safety and for greater economic opportunities for legal cannabis businesses today by sending a letter to leadership in both chambers of Congress asking them to include cannabis banking reform language in broad legislation currently being debated in conference committee.
It’s 4/20 week, and you are probably being flooded with marijuana-related promotions, ads, and invitations, but please take a moment to read this message and take action to help us change federal marijuana law.
“Each of the major pieces of marijuana policy reform legislation currently pending before Congress enjoy majority support from the American people. It is political malpractice for lawmakers, and those in the Senate especially, to continue to let these efforts languish at a time when most voters and when the majority of states have already rejected the failed policies of criminal prohibition.”