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Cannabis banking provisions clear House for seventh time
Cannabis banking provisions clear House for seventh time
The amendment to the fiscal 2023 defense authorization bill faces an uphill battle to become law
By Caitlin Reilly
Posted July 15, 2022 at 12:21pm
The House on Thursday passed for the seventh time provisions that would allow cannabis businesses to use banking services, although the amendment to the fiscal 2023 defense authorization bill faces an uphill battle to become law.
Past efforts to pass cannabis banking provisions, both as stand-alone legislation and as amendments attached to must-pass bills, have languished in the Senate, where a group of Democrats want to wrap banking provisions into a bigger package legalizing marijuana on the federal level.
Still, Rep. Ed Perlmutter, D-Colo., the amendment sponsor, cheered its passage and pushed for inclusion in the final law. He’s slated to retire at the end of this term.
{snip}
The amendment to the fiscal 2023 defense authorization bill faces an uphill battle to become law
By Caitlin Reilly
Posted July 15, 2022 at 12:21pm
The House on Thursday passed for the seventh time provisions that would allow cannabis businesses to use banking services, although the amendment to the fiscal 2023 defense authorization bill faces an uphill battle to become law.
Past efforts to pass cannabis banking provisions, both as stand-alone legislation and as amendments attached to must-pass bills, have languished in the Senate, where a group of Democrats want to wrap banking provisions into a bigger package legalizing marijuana on the federal level.
Still, Rep. Ed Perlmutter, D-Colo., the amendment sponsor, cheered its passage and pushed for inclusion in the final law. He’s slated to retire at the end of this term.
{snip}