![]() Marijuana Moment has reported that Democratic Senator from New Jersey, Cory Booker, says that the Secure and Fair Enforcement (SAFE) Banking Act “requires changes” if it’s going to advance further. On Wednesday, Booker said in a statement, “We all agree that the path to ensuring true equity within the marijuana industry starts with decriminalizing cannabis at the federal level. Before moving forward, legislation like SAFE Banking requires changes to ensure that the communities most harmed by our broken marijuana policies receive support and small cannabis businesses can have the same access to capital as large multi-state operators.” Booker, as well as Senate Majority Leader Chuck Schumer (D-NY), have been very vocal about the need for comprehensive cannabis reform. They have also been critical about the idea of advancing the standalone SAFE Banking Act as an interim step toward that broader goal. But since filing the Cannabis Administration and Opportunity Act (CAOA) last month, the senators have softened their stance, and expressed their willingness to reach a compromise on a passable package of cannabis reform. Shaleen Title, a co-founder of Cannabis Regulators of Color Coalition and former Massachusetts cannabis regulator, said during a meeting this Wednesday that she’s optimistic about SAFE Banking “for the first time” because “legislators and their staff and the public seem to have shifted…” to “an interest in multiple avenues” to reforms. Booker said he expects to see movement on proposal sometime between November’s elections and the start of a new Congress in January. Comments are closed.
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