“Here’s the immediate time frame,” Sen. Schumer said to former South Carolina state representative Bakari Sellers in an interview with The Ringer released this week, before just adding that along with Senators Ron Wyden and Cory Booker, they will be introducing their bill “shortly.”
“We’re going to get some support from the right on this, we hope,” said Schumer. “It’s going to take a little while, we’re going to need a mass campaign, but there’s real excitement in the country to do this right now.”
Schumer has no intention of jeopardizing the cannabis legalization proposal by first implementing a narrower cannabis banking bill with Democrats holding a Senate majority in the U.S. Congress, noting that any banking accessibility measure submitted must wait because “we’re not going to bargain against ourselves.” he said.
Last month, in an interview with Marijuana Moment, Schumer made a related point, saying that first approving a bill that safeguards banks that serve licensed cannabis companies might impede more substantive reformation. Republicans and moderate Democrats who are undecided on more ambitious reform legislation could be unlikely to vote for it if instead they can vote for a more conservative measure such as the Secure and Fair Enforcement or (SAFE) Banking Act.
https://trichomes.com/tcsearch/view/Chuck-Schumer-Says-SAFE-Banking-Act-Might-Have-to-Wait-Until-Federal-Cannabis-Legalization-Measure
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