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SAFE Banking Act Of 2021: Where Are We On Cannabis Banking Change? - Finance and Banking
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Latest on Cannabis Industry and Banking
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SAFE Banking Act of 2021: Where Are We on Cannabis Banking Change? | Sheppard Mullin Richter & Hampton LLP
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Democrats Bill To End Marijuana Prohibitions In The US
WASHINGTON (dpa-AFX) - Since their election as the majority in the US, the Democratic party has worked hard to legalize marijuana across the country. The latest bill drafted by the senate Democrats is supposed to bring an end to the problem of marijuana in the country.
Majority leader Chuck Schumer along with Senate Finance Committee chairman Ron Wyden and senator Cory Booker has brought out a discussion draft of the bill named the Cannabis Administration and Opportunity Act.
Schumer said, For decades, young men and young women, disproportionately young Black and Hispanic men and women, have been arrested and jailed for carrying even a small amount of marijuana in their pocket - a charge that often came with exorbitant penalties and a serious criminal record because of the over-criminalization of marijuana, and it followed them for the remainder of their lives. It makes no sense, and it s time for a change.