According to the provision, the law designed to help the U. S. The U. S. government to compete economically with China will not allow banks to provide monetary facilities to legal hashish companies.
Rep. Ed Permutter, sponsor of the Safe and Fair Banking Act, or SAFE, which the House added to the larger bill as an amendment, said Senate negotiators simply wouldn’t settle for the provision.
“The Senate continues to forget about the threat to public protection of forcing hashish corporations to sell everything in cash,” said Perlmutter, D-Colo. “As a result of Senate inaction, other people continue to be killed, businesses continue to be robbed, and workers and business owners in the hashish industry continue to be excluded from the monetary system.
The House and Senate passed other versions of the legislation, which also aimed to address supply chain issues by providing monetary incentives to build PC chip factories in the United States.
U. S. Secretary of Commerce Gina Raimondo spoke about the New Jersey Innovation and Technology Center in New Brunswick as a site.
As it has done with the measures, the House has added Perlmutter’s amendment on hashish banks to this bill. The camera also followed a standalone version.
But the Senate not only rejected the bank bill on its own, but also refused to include it in other laws, such as the National Defense Authorization Act.
One of the obstacles is that of U. S. Senator Cory Booker, who insisted that restorative justice provisions be a component of any hashish law. get the law they want.
However, 24 senators, in addition to Robert Menendez, Booker’s New Jersey Democrat, suggested that SAFE Banking be included in the final production bill.
But U. S. Cannabis Council President Steven Hawkins said there is a statement to combine SAFE Banking with legal provisions and pass laws in the existing Congress.
“The consequences are painfully obvious, as dispensaries remain the target of criminals seeking money and social justice vendors continue to struggle to access capital and banking services,” Hawkins said.
“The political and political will is there to make the SEGURA Banking Act come to an end. The conversations encourage us to associate the bill with other useful justice reforms for hashish and thieves.
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Jonathan D. Salant can be reached at jsalant@njadvancemedia. com. Follow it in @JDSalant.
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