May 8, 2024

Sen. Steve Daines (R-MT), co-sponsor of the bipartisan hashish banking invoice, says the Safe and Honest Enforcement Regulation (SAFER) Banking Act will stay on maintain till there’s extra certainty of its acceptance in the GOP-controlled Home of Representatives.

Daines made the remark in a dialog with Pelorus Capital Group president Rob Sechrist, reported Marijuana Second.

Daines is concentrated on making certain the invoice’s passage, slightly than merely transferring it to the Home. Senate Majority Chief Chuck Schumer (D-NY) has additionally constantly pledged his intention to rapidly carry the invoice to a vote, however issues have modified within the Home. 

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Final week’s ouster of Rep. Kevin McCarthy (R-CA) from his Speaker place has added to an all-around sense of uncertainty as stalemates pile up within the dysfunctional Home. The urgency to pick out a brand new Speaker is rising as Congress faces a Nov. 17 spending invoice deadline to forestall a authorities shutdown.

Hashish Banking Reform On The Brink

McCarthy’s departure has left hashish advocates involved as to whom the Speaker’s job, one of the vital highly effective positions within the authorities, will fall to. 

The choice of Rep. Steve Scalise (R-LA) to withdraw from the race on Thursday is just not a promising signal for hashish reform. The remaining contender, Rep. Jim Jordan (R-OH) has opposed each hashish reform invoice that is come his approach, together with laws to make it simpler to conduct scientific analysis on hashish.

“It’s not as if it was simple earlier than all this,” Justin Strekal, former political director of NORML instructed MJBiz. “And this does make it tougher.”

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