Keep cannabis banking in defense spending bill

5 senators urge panel to keep cannabis banking in defense spending bill

ByΒ MJBizDaily Staff

 

Five U.S. senators from both parties who serve on the Senate Armed Services CommitteeΒ signed a letterΒ urging the leaders of that panel to throw their support behind the SAFE Banking Act.

The fate of the cannabis banking measure is likely to be decided in DecemberΒ via a conference committee, with members from both the House and Senate negotiating the terms of the finalΒ National Defense Authorization ActΒ (NDAA), an omnibus defense spending bill for the 2022 fiscal year.

The senators’ letter requests that the chairs and ranking members of the committee all push to keep the cannabis banking measure included in the final version of the bill, which is considered the SAFE Act’s most likely route to success in the current congressional session.

β€œThe House of Representatives has passed the SAFE Banking Act five times, most recently as an amendment to the NDAA, and we ask you to ensure that the text of that amendment remains in the final conference version of the bill to be considered by the House and the Senate,” the letter requests.

β€œThis will help cannabis-related businesses, create jobs, and strengthen public safety in our communities.”

Grow better:Β MJBizDailyΒ Greenhouse Components Buyers GuideΒ 

Maximize your output and quality with the right equipment. Curated by the editors ofΒ MJBizDaily, our new, free Greenhouse Components Buyers Guide helps you choose wisely and covers irrigation, automation and ROI.

The cohort of lawmakers includes Democratic Sens. Gary Peters of Michigan, Jacky Rosen of Nevada and Mark Kelly of Arizona, Republican Kevin Cramer of North Dakota and independent Angus King of Maine. King caucuses with the Democrats.

The five senators’ message follows aΒ similar letterΒ signed by 21 governors earlier this month.

 

 

Share

Leave a Reply

Welcome

eDataPay handle direct Mids merchant account for merchants and Sub Merchants underwriting process, Risk Management, Gateway and eCommerce API integrations work and design relieving acquirers from the need to perform related administrative procedures.

Search

Related Post

S Corporation vs. LLC

S Corporation vs. LLC: How to Choose the Best Structure for Your Business Which corporate structure is best for your business? You may already be

Read More Β»