Say you’re a representative in the U.S. Congress and you’ve supported a bill that passes seven times in the House, only to fail in the Senate. Would you give up?
Rep. Ed Perlmutter, the bill’s chief sponsor, said the decision would allow people to “continue to be killed” as cannabis companies’ cash is targeted by crime.
The Marijuana Opportunity Reinvestment and Expungement bill,if passed, could wipe out some hesitations for issuers hoping to finance their own marijuana facilities.
Congressman Ed Perlmutter’s signature marijuana banking bill again passed the House Friday as part of a broader package, and he is hopeful it could finally pass the Senate before he leaves office.