By not sneaking federal marijuana banking reform into the annual defense spending bill, Congress may make it easier to pass more ambitious marijuana legalization proposals, some advocates believe.
What happened? Senate leadership wasn’t on board, but neither were some cannabis advocates.
Certain advocates and lobbies for marijuana businesses sounded an aggrieved tone similar to Perlmutter’s on Tuesday. Late last week, the Drug Policy Alliance, an advocacy group that helped pass legalization bills in multiple states, spoke outIn their analysis, more ambitious legislation, like the full federal legalization bill called the MORE Act, would solve the banking conundrum while also actually legalizing marijuana—and addressing other problems caused by the war on drugs.
According to Amber Senter, an Oakland, California-based cannabis entrepreneur and social-equity advocate—and executive director of an incubator that was burglarized last week—rushing banking reform through Congress isn’t what small business owners need.
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