Chuck Schumer, the Senate Majority Leader, has reaffirmed his commitment to pursuing marijuana banking legislation that includes criminal justice provisions and described the broader endeavor to undo the damage caused by the drug war as a moral duty for Congress. Schumer reiterated his intent to pass the SAFE Banking Act, which had been refiled the day before by bipartisan members of the house and senate, during his speech on the House floor this week. He also promised to keep working on a more comprehensive package that supports industry equity and justice for those impacted by the drug war.
The measure, which has undergone minor revisions since the previous session, would shield banks from federal regulators’ sanctions when they cooperate with cannabis businesses that…
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