Residence Judiciary Chair reiterates commitment to marijuana banking reform

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The chair of the Residence Judiciary panel mentioned he is committed to functioning to advance a complete marijuana bill which includes social and criminal justice provisions.

Rep. Jerrold Nadler, a Democrat from New York, created the statement on the eve of a scheduled complete Residence vote on a cannabis banking bill referred to as the Protected Banking Act.

His committee tweeted that he will vote for the Protected Banking Act, as it addresses “one of the quite a few critical troubles that final results from the criminalization of marijuana at the federal level.”

He added he plans for his committee to vote on his a lot more complete reform bill, the Marijuana Chance Reinvestment and Expungement (Extra) Act of 2019.

Numerous civil rights groups final week requested a delay in the vote for the Protected Banking Act, till a a lot more “holistic” cannabis bill is thought of.

They see Protected Banking Act as mostly benefiting the cannabis market.

But Residence Democratic leaders decided to go ahead with the Protected Banking Act initially, scheduling the historic vote for Wednesday.

To study Nadler’s tweet on marijuana reform, click here.

Jeff Smith can be reached at [email protected]

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Categories: Cannabis Business &amp Marijuana Business enterprise Briefs, Marijuana Legalization and Regulatory News for Cannabis Firms, United States Cannabis Business &amp Marijuana Business enterprise News



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