Schumer, Booker and Wyden join the chorus at historic Senate hearing on…

Schumer, Booker and Wyden join the chorus at historic Senate hearing on…


The Senate Banking Committee, headed by Ohio Senator Sherrod Brown, committee chairman, witness testimony heard on the SAFE Banking Act for almost two hours on Thursday before the session adjourned without a vote.

The hearing was opened by Sens. Jeff Merkley (D-OR) and Steve Daines (R-MT). resubmitted the bank measure In April.

Under the proposed billwould financial institutions be allowed to provide banking and financial services to legal cannabis businesses.

Senators Chuck Schumer, Ron Wyden (D-OR) and Cory Booker (D-NJ), who released a joint statement after the meeting, hailed “key improvements” in the banking proposal and stressed the need for additional capital provisions such as deletions as the bill advances, reported marijuana moment.

Others who testified Thursday expressed the same opinion.

Ademola Oyefeso, director of the political action division of the United Food and Commercial Workers, has repeatedly reiterated that cannabis workers have the right to work under decent conditions and not be treated like criminals. He pointed out that the government has a chance to “start a promising industry from the ground up”.

Senators Elizabeth Warren (D-MA), who described the bank bill as long overdue and John Fetterman (D-PA) stressed the overall importance of removing cannabis from its Schedule I status.

Fetterman asked anti-cannabis crusader Kevin Sabet of Smart Approaches to Marijuana (SAM) if Canada had slipped into anarchy after legalizing cannabis in 2018. Sabet, when testifying or answering questions from the senators, painted a bleak and dangerous picture of legal cannabis death, addiction and dysfunction.

“Are you against legal cannabis because of the deaths?” Fetterman asked Sabet. “If so, what about the 120,000 annual deaths from alcohol or 400,000 deaths from tobacco? Have there been deaths from cannabis?”

Sabet swayed slightly, then resumed his topics of conversation about potent THC, whereupon Fetterman asked…


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