This Week in Cannabis Investing: Booker Shows Support for SAFE Banking Act

A flurry of dialogue materialized from the House and Senate in response to President Joe Biden’s executive action last week to pardon thousands of federal marijuana convictions. Senator Cory Booker (D-New Jersey) and Senate Majority Leader Chuck Schumer (D-New York) seem to be changing their tone on the SAFE Banking Act. 

Previously, the two Democratic leaders have worked to delay SAFE Banking’s progress in favor of adding additional social justice measures to the bill. However, Biden’s marijuana announcements have alleviated some of those concerns, and we’re pleased to see Booker responding positively. 

Leave a Reply

Your email address will not be published. Required fields are marked *