Senate aims to attach major marijuana legislation to end-of-year ‘must-pass’ bills: report – By Kyle Morris (FOX Business) / Dec 3, 2022
The measure is reportedly receiving bipartisan support in the Senate
A bipartisan group of senators is working to attach marijuana legislation to “must-pass” bills at the end of the year, according to a new report.
Led by Senate Majority Leader Chuck Schumer, D-N.Y., the group, according to Axios, has received the Department of Justice’s blessing to implement legislation that would allow cannabis companies access to banking institutions and create grants for state expungement of past marijuana convictions.
The outlet reported that the “targeted legislation” stems from the pairing of two bills — the Secure and Fair Enforcement (SAFE) Banking Act and the Harnessing Opportunities by Pursuing Expungement (HOPE) Act.
The SAFE Banking Act, which has passed through the House six times, allows federally-insured banks to work with cannabis shops and related companies in states that have legalized marijuana.
