As Senate lawmakers prepare to consider a marijuana banking bill this week, Majority Leader Chuck Schumer (D-NY) seems to feeling optimistic that the proposed policy change will become a law.

Senate Banking Committee hearing on cannabis banking issues and the Secure and Fair Enforcement (SAFE) Banking Act of 2023 is scheduled to take place on Thursday, May 11. A group of bipartisan lawmakers, including Senators Jeff Merkley (D) and Steve Daines (R), along with Representatives David Joyce (R) and Earl Blumenauer (D), reintroduced a marijuana banking bill last month. If the bill reaches the floor, Schumer said they would also address expungement of the records for those who had been previously affected by marijuana criminalization.

“We need to do social justice and attach it to the SAFE Act and pass it together,” the majority …

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