AYRWF - Effort to get marijuana banking legislation passed has 'momentum' congressman says

Rep. Earl Blumenauer (D-Ore.) said there is currently "tremendous momentum" to get marijuana banking legislation passed into law due to bipartisan support. During a Monday press conference, Blumenauer, who is co-chair of the Congressional Cannabis Caucus, cited a recent letter signed by a bipartisian group of 24 senators asking that the SAFE Banking Act be included in the America COMPETES Act. "We haven't had that leverage before and this base of support with the conferees," Blumenauer said, MJBizDaily reported. "There is a strong base support among the conferees for keeping this [marijuana banking] language and enacting it," he added, Marijuana Moment reported. "We think that this is a perfect opportunity to get some actual movement on this." Multi-state operators: Cresco Labs (OTCQX:CRLBF); Columbia Care (OTCQX:CCHWF); Trulieve Cannabis (OTCQX:TCNNF); Green Thumb Industries (OTCQX:GTBIF); Curaleaf Holdings (OTCPK:CURLF); MedMen Enterprises (OTCQB:MMNFF); Acreage Holdings (OTCQX:ACRHF); Ayr Wellness (OTCQX:AYRWF); Verano Holdings (OTCQX:VRNOF); and Jushi Holdings

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Effort to get marijuana banking legislation passed has 'momentum,' congressman says