Marijuana Banking Reform Gains Momentum in Congress
Congresswoman Maxine Waters, a prominent advocate for cannabis reform, is championing efforts to pass the Secure and Fair Enforcement Regulation (SAFER) Banking Act. This legislation aims to provide banking services to cannabis businesses, addressing their current lack of access to traditional financial institutions due to federal prohibition.
Despite potential challenges from Senate Minority Leader Mitch McConnell, Waters remains optimistic and determined to overcome obstacles. She emphasizes the bipartisan support for the bill and its urgency, stating, "We've got to have SAFER Banking, and most of us who have been working on this support that."
Washington State Prioritizes Diversity in Cannabis Ownership
The Washington State Liquor and Cannabis Board (WSLCB) is introducing amendments to promote diversity in cannabis ownership. These proposed changes aim to encourage minority participation and eliminate licensing barriers in cannabis retail, creating a more inclusive landscape.
The WSLCB is prioritizing those most affected by the war on drugs by considering convictions for all drugs, not just marijuana, in the scoring process for minority license applicants. This revision reflects feedback from social equity applicants in the initial round of applications.
New Hampshire Marijuana Legalization Bill Faces Scrutiny
A New Hampshire bill legalizing marijuana, passed by the House, is now facing scrutiny in a Senate committee. Opponents, including state Sen. Daryl Abbas and Senate president Jeb Bradley, propose significant modifications that could distort the original spirit of the bill.
Abbas's proposed changes include elevating penalties for public consumption and shifting to a franchise system overseen by the state's Liquor Commission. These amendments, among others, might put the bill at risk of failing in the House when revised, proponents of the bill have warned.