Colorado officials again press Congress to pass Perlmutter's marijuana banking bill

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Colorado officials again press Congress to pass Perlmutter's marijuana banking bill
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Colorado’s top elected officials and public safety director sent a letter to leaders of the U.S. House and Senate Friday imploring them — yet again — to pass Rep. Ed Perlmutter’s SAFE Banking Act before the congressman leaves office.

DENVER — Colorado’s top elected officials and public safety director sent a letter to leaders of the U.S. House and Senate Friday imploring them — yet again — to pass Rep. Ed Perlmutter’s SAFE Banking Act before the congressman leaves office in January.

But it still has not passed the Senate. And after President Joe Biden announced last week his administration was taking steps toward rescheduling marijuana at the federal level and pardoning people with federal simple marijuana possession convictions, Colorado Gov. Jared Polis and other Colorado elected officials sent the letter to the Democratic and Republican leaders of Congress again calling for passage of Perlmutter’s bill to open up the federal banking system to the marijuana industry.

The Senate version of Perlmutter’s bill, sponsored by Sen. Jeff Merkley, D-Oregon, has 42 cosponsors, including nine Republicans. In the House, it has 180 cosponsors, including 26 Republicans. The Colorado group who wrote the letter says that support leads them to believe the time to act on the SAFE Banking bill, even though other marijuana reforms are being discussed, is now.

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