Dem says marijuana banking bill will get House vote this spring

Dem says marijuana banking bill will get House vote this spring
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Rep. Earl BlumenauerEarl BlumenauerLawmakers spend more on personal security in wake of insurrection On The Money: Schumer pressured from all sides on spending strategy | GOP hammers HUD chief over sluggish rental aid | Democrat proposes taxes on commercial space flights Hillicon Valley: Biden to appoint Big Tech critic to DOJ antitrust role | House passes host of bills to strengthen cybersecurity in wake of attacks | Bezos returns from flight to space 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 PelosiYellen to Congress: Raise the debt ceiling or risk 'irreparable harm' Freedom Caucus presses McCarthy to force vote to oust Pelosi The Hill's 12:30 Report - Presented by Goldman Sachs - Tokyo Olympics kick off with 2020-style opening ceremony MORE (D-Calif.) on timing for the bill, which was approved by the House Financial Services Committee in a 45-15 vote last month.

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“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 McConnellHas Trump beaten the system? Yellen to Congress: Raise the debt ceiling or risk 'irreparable harm' The Hill's 12:30 Report - Presented by Goldman Sachs - Tokyo Olympics kick off with 2020-style opening ceremony 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 BoehnerFreedom Caucus presses McCarthy to force vote to oust Pelosi Stripping opportunity from DC's children Here's what Congress is reading at the beach this summer MORE (R-Ohio).

BoehnerJohn Andrew BoehnerFreedom Caucus presses McCarthy to force vote to oust Pelosi Stripping opportunity from DC's children Here's what Congress is reading at the beach this summer 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.