As SAFE Banking prospects fade in Congress, marijuana industry tempers hopes

The off-topic reply – sprinkled into Sen. Chuck Schumer’s Twitter mentions – landed minutes after the Democratic Senate Majority Leader celebrated the passage of the Respect for Marriage Act on Tuesday night.

PASS #SAFEBANKING @SenJeffMerkley

— djkocisi finance (@djkocisi1) December 13, 2022

The anonymous Twitter user’s singular focus represents the thinking of a significant portion of the cannabis industry – as do the replies in anything else related to Schumer’s December agenda:

For many big multistate operators (and their shareholders), what remains of Congress’ dwindling lame-duck session is all about the SAFE Banking Act – to the exclusion of almost anything else, be it inflation, same-sex marriage, the Ukraine war or even the continuing functions of the federal government.

There’s some justification for the myopia.

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It would be another major win for the $33 billion marijuana industry in a lame-duck session in which President Joe

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The off-topic reply – sprinkled into Sen. Chuck Schumer’s Twitter mentions – landed minutes after the Democratic Senate Majority Leader… Continue reading
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