The Definitive Guide to Marijuana Legalization: Latest News, Top Stories & Analysis

Senators on both sides of the aisle are tossing assistance behind a proposition to tuck key cannabis banking legislation into a bigger package targeted at increasing U.S. competitiveness, increasing the chances that a substantial marijuana bill gets through the upper chamber this year. Sen. Patty Murray (Wash.), the No. 3 Senate Democrat, is leading a push to pass the SAFE Banking Act, which would make it possible for marijuana firms to utilize banking services, as part of a sweeping bundle legislators are hashing out in both chambers that is meant to strengthen the nation's supply chains and manufacturing.

Innovation and Competitors Act that passed the Senate, the legislation was included in the House's version of the expense, called the Competes Act, that passed in February. Murray says she is "battling every which way" to get the cannabis legislation consisted of in the last bill. She kept in mind that federal law currently forces weed dispensaries to utilize cash, making them prime targets for burglaries.

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It threatens for the employees," Murray, a member of the Senate conference committee heading settlements for the final version of the costs, told The Hill. "It's dangerous for the clients, and it can be fixed."  Check For Updates  of senators are pushing to consist of the bill, which has passed your house 6 times and has dozens of Democratic co-sponsors in the upper chamber, in the more comprehensive competitors bill.

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It's ready to go. It needs to pass," Sen. Jon Tester (D-Mont.), a member of the conference committee and a co-sponsor of the SAFE Banking Act, informed The Hill. Sen. Steve Daines (Mont.), among 9 Senate Republican co-sponsors of the expense, informed The Hill that he thinks other Republican politicians might support the idea.

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"There are some other Republicans that I'm positive, if we had a vote, would choose it. So, we have actually got the votes to pass the SAFE Banking Act as a standalone, if we 'd like to." Conferees are expected to finish a compromise China competitiveness costs that could win the support of 60 senators before the August recess, when Congress moves its focus to the November midterm elections and legislation slows to a crawl.