Marijuana/Cannabis is STILL classified as a ‘dangerous drug’ by the Feds…
While states have elected to decriminalise it’s recreational usage…
Banks who handle finances for marijuana business’s could get in trouble if the Feds decide to go after them… …
Senate Majority Schumer is trying to get Congress to change things…
His plan would add federal taxes and move to0 wipe out some past criminal records of those associated with the drug….
But some lawmakers do NOT want to go that far…
And state marijuana income has not been what was forecasted as illegal marijuana sales seem untouched by the state sanctioned operations that have higher overhead costs….
The conflict has come to a head in recent weeks after a push by Democratic and Republican lawmakers to attach the narrower banking legislation to the must-pass annual defense policy bill, which would ensure its passage in the coming months. The bill’s advocates say it would offer a substantial step toward legitimizing and rationalizing the cannabis industry in the 47 states that have moved to at least partially legalize marijuana — allowing businesses to move away from risky cash-only operations.
That push has hit a roadblock in the Senate, however, where Majority Leader Charles E. Schumer (D-N.Y.) has sided with Sens. Cory Booker (D-N.J.) and Ron Wyden (D-N.J.), who are seeking to assemble a comprehensive bill that would federally decriminalize the drug, tax it and potentially expunge the criminal records of those previously convicted of having bought or sold it. Passing the narrower bill, they argue, would make passing their broader bill more difficult.
“To me, it wouldn’t be a win,” Booker said Tuesday. “It would be a setback for expunging the records of all of the people who are waiting for some kind of justice. And unfortunately, if you do that, the pressure won’t be there to get it done.”…