Senate Would Pass SAFE Banking Act, Cory Gardner Says

by Newsfeed


There’s little doubt in Senator Cory Gardner’s mind that a marijuana banking bill would be approved if it were taken to a full vote of the U.S. Senate, but getting that measure in front of his colleagues has been a slog.

“There is tremendous support in the Senate, and if we had a vote on it — or could get a vote on it — it would pass with more than 60 percent of support,” Gardner said during a June 3 webinar on marijuana policy. “We’ve got billions of dollars on the outside of the economy looking in, when we need them on the inside of the economy looking out.”

So where’s the roadblock? Before the SAFE Banking Act — a bill sponsored by Representative Ed Perlmutter that would create federal protection for financial institutions serving state-legal marijuana businesses, which made it out of the U.S. House —…



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