Schumer, speaking at a Tuesday Democratic Senate leadership briefing, promised to “go back at it next year.
This represents yet another major setback for passage of the Secure and Fair Enforcement (SAFE) Banking Act.
Election night produced some victories that will change the trajectory of marijuana legalization in several states.
The topic of cannabis banking has been discussed extensively and has been a hindrance in many legal states.
EXCLUSIVE: Rep. Nancy Mace Talks Biden’s Pardons, Reclassification Of Marijuana, And States Reform Act
One key element of the SRA that she points out is its bipartisan spirit, and to her, that is crucial if any marijuana bill hopes to be the bill that becomes law.
The American people must have a better understanding of the environmental costs of this rapidly growing industry,” wrote the lawmakers.
The comments came on the heels of his introducing long-awaited US Senate legislation that would decriminalize and deschedule cannabis on the federal level.
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