So far, Schumer’s stance has been that marijuana legalization with social equity components should be approved before the marijuana banking bill.
The Senate has been under pressure from all sides recently to pass the SAFE Banking Act that would “help cannabis-related businesses, support innovation, create jobs, and strengthen public safety in our communities.”
Just recently, about a quarter of voting members of the House of Representatives urged congressional leaders to enact marijuana banking provisions into law as part of the large-scale manufacturing bill — America COMPETES Act.
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