Marijuana Moment reports
An organization representing mayors from across the U.S. adopted a resolution imploring Congress to pass a bill to safeguard banks that work with state-legal marijuana businesses from federal penalties.
The U.S. Conference of Mayors approved the measure during the body’s 90th annual meeting on Monday. Last year, the organization adopted a separate measure calling for an end federal cannabis prohibition and promoting social equity in the industry. The latest resolution on banking also expresses support for federal legalization bills, including one that passed the House and another that’s being finalized by Senate leadership.
The support from the @usmayors is a testament to the importance of #SAFEBanking for the financial security of legal businesses and the public safety of cities across the country.
It's time to make the #SAFEBankingAct law!https://t.co/249htoanu1
— Rep. Ed Perlmutter (@RepPerlmutter) June 6, 2022
The mayors’ proposal this year focuses on marijuana banking reform, which comes at a pivotal time as Congress considers including the bipartisan Secure and Fair Enforcement (SAFE) Banking Act as part of a large-scale manufacturing bill that’s currently being negotiated in bicameral conference.
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U.S. Mayors Approve Resolution Demanding Congress Fix Marijuana Banking Issues And End Prohibition
