After much anticipation and encouraging remarks from members of the Senate Banking Committee like Sen. Sherrod Brown (D-OH) and Senate Majority Leader Chuck Schumer (D-NY), cannabis banking will not come to a vote next week. 

Though Senators from both sides of the aisle indicated that they are indeed intending to move forward on the Secure and Fair Enforcement (SAFE) Banking Act, a Banking Committee spokesperson told Marijuana Moment on Monday that the “markup won’t be next week.”

What Happened

Sen. Brown had told reporters last Wednesday that an agreement was “imminent” and reiterated that the SAFE Banking Act would likely get a committee hearing over the next six months although he warned that the issue won’t get everyone’s vote. 

“We know that some members …

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