Montana senators again invoice to present hashish companies entry to banking

Montana’s two U.S. senators are throwing their assist behind a bipartisan effort to push new federal marijuana legal guidelines by way of congress earlier than the top of the present time period.

Each of Montana’s U.S. senators confirmed to MTPR that they assist efforts to move the SAFE Banking Act, which might be sure that authorized hashish companies have entry to banks, credit score unions and different monetary establishments.

Most dispensaries in Montana are cash-only, as a result of monetary establishments don’t supply providers to authorized hashish companies because of marijuana being federally unlawful. However the SAFE banking act would forestall monetary regulators from punishing establishments for offering providers for hashish enterprise in states the place they’re authorized.

Stories in nationwide media point out that Senate leaders are exploring taking the measure, together with coverage dealing with the expungement of previous marijuana offenses, to vital year-end laws just like the Protection Authorization Act.

A spokesperson for Sen. Steve Daines, who was one of many preliminary sponsors of the act when it was launched in 2021 stated “the Senator is continuous to work to construct consensus so we are able to move [the SAFE banking act] into legislation this yr.”

A spokesperson for Sen. Jon Tester says he additionally helps passage of SAFE Banking Act earlier than the time period runs out and is trying so as to add a provision that may push the Division of Veterans Affairs to conduct scientific trials on utilizing medical marijuana instead remedy for PTSD and persistent ache.


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