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 BlumenauerTrump threatens to double down on Portland in other major cities Federal agents deployed to Portland did not have training in riot control: NYT US attorney calls for investigation into unmarked federal agents arresting protesters in Oregon 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 PelosiCongress exits with no deal, leaving economists flabbergasted Trump says he'll sign USPS funding if Democrats make concessions Pelosi calls Trump attacks on mail-in voting a 'domestic assault on our Constitution' 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 McConnellMcGrath reshuffles campaign in home stretch to Senate election GOP senator draws fire from all sides on Biden, Obama-era probes Chris Wallace rips both parties for coronavirus package impasse: 'Pox on both their houses' 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 BoehnerWary GOP eyes Meadows shift from brick-thrower to dealmaker Bottom line Cheney battle raises questions about House GOP's future MORE (R-Ohio).

BoehnerJohn Andrew BoehnerWary GOP eyes Meadows shift from brick-thrower to dealmaker Bottom line Cheney battle raises questions about House GOP's future 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.