Who knows how much to believe these days?
President Trump is said to have started lobbying members of Congress to pass legislation that would give legal cannabis businesses access to the U.S. banking system.
Multi-state operators are notably higher on the news.
The president’s efforts are part of a renewed effort to get the Secure and Fair Enforcement Regulation (SAFER) Banking Act finally passed, ahead of the 2026 midterm elections. Versions of the legislation and the very similar SAFE Banking Act have passed the House on several occasions, only to routinely get stuck in the Senate.
The Marijuana Herald reported that Trump began discussions with several lawmakers earlier this week, based on information from two Senate staffers.
Trump has not been shy about his support for marijuana reform. In a September 2024 Truth Social post, he wrote about his support for a Florida ballot initiative that would have legalized adult-use marijuana. It was ultimately defeated.
“As President, we will continue to focus on research to unlock the medical uses of marijuana to a Schedule 3 drug, and work with Congress to pass common sense laws, including safe banking for state authorized companies, and supporting states rights to pass marijuana laws, like in Florida, that work so well for their citizens,” Trump wrote at the time.
https://seekingalpha.com/news/4434961-trump-pushing-congress-pass-marijuana-banking-legislation
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