Dem says marijuana banking bill will get House vote this spring

Dem says marijuana banking bill will get House vote this spring
© Getty

Rep. Earl BlumenauerEarl BlumenauerCongress should lift the ban on medical cannabis access for military veterans Hillicon Valley: Google buying Fitbit for .1B | US launches national security review of TikTok | Twitter shakes up fight over political ads | Dems push committee on 'revenge porn' law Progressives urge end to mass phone data collection program MORE (D-Ore.) said Friday that the House will vote later this spring on legislation allowing banks to work with marijuana businesses in certain states.

Blumenauer, who has long pushed cannabis legislation in Congress, said he has been in touch with Speaker Nancy PelosiNancy PelosiSchumer calls on Trump to testify as part of impeachment inquiry Sunday shows — Spotlight shifts to Sondland ahead of impeachment inquiry testimony Perception won't be reality, once AI can manipulate what we see MORE (D-Calif.) on timing for the bill, which was approved by the House Financial Services Committee in a 45-15 vote last month.

ADVERTISEMENT

“Nancy Pelosi has always been supportive of cannabis reform,” he told reporters on a call. “There’s no doubt in my mind what is coming out of the Financial Services Committee will be given the opportunity to proceed to the floor in regular order.” 

When asked about timing for the bill, Pelosi spokesman Drew Hammill noted the strong bipartisan vote in committee and that conversations would continue as the panel's work wraps up.

The bill is expected to pass the House if it receives a vote, but it faces less-than-certain prospects in the GOP-controlled Senate.

Blumenauer acknowledged on Friday that bipartisan support for the bill in the Senate is “not quite as robust as the situation in the House.”

“The situation in the Senate is more fluid. I’m not quite as optimistic but I’m not pessimistic about movement in the Senate,” he said. “We find more people who are outspoken in support of it.”

He noted that Senate Majority Leader Mitch McConnellAddison (Mitch) Mitchell McConnellLawmakers skeptical of progress on spending deal as wall battle looms Impeachment battle looms over must-pass defense bill 'Saturday Night Live' presents Trump impeachment hearings with 'pizzazz' of soap opera MORE (R-Ky.) played a key role in legislation of hemp. He also spoke about another prominent Republican in the cannabis community: former Speaker John BoehnerJohn Andrew BoehnerFrom learning on his feet to policy director Is Congress retrievable? Boehner reveals portrait done by George W. Bush MORE (R-Ohio).

BoehnerJohn Andrew BoehnerFrom learning on his feet to policy director Is Congress retrievable? Boehner reveals portrait done by George W. Bush MORE has worked as a marijuana advocate and sits on the board of the cannabis corporation Acreage Holdings, which owns legalized marijuana licenses in several states. He also is honorary chairman of the National Cannabis Roundtable, an organization to lobby for pro-marijuana policy.

The promotion by Blumenauer comes a day before April 20, or 4/20, which refers to the date and time –– 4:20 p.m. –– when cannabis users consume marijuana to celebrate the cannabis culture.

Blumenauer said that when he talked to Boehner about supporting cannabis after leaving Congress, the former Speaker said he had evolved on the issue.

“There are other people who are evolving on the cannabis issue,” Blumenauer said.