Cannabis Business Times
Legislation to provide safe harbor to financial institutions wishing to service state-licensed cannabis businesses remains a priority on U.S. Sen. Chuck Schumer’s to-do list, the New York Democrat said March 6.
Following a weekly caucus meeting, the majority leader and other Senate Democrats held a news conference about their legislative agenda for the week as well as President Biden’s upcoming State of the Union Address planned for 9 p.m. March 7.
Responding to a reporter who asked what the Senate can “realistically” accomplish to advance Biden’s agenda before the November election considering the partisan divide in Congress, Schumer said many of the bills his Democratic-controlled chamber has passed are bipartisan.
“We’re going to work very hard on many different things,” he said, adding that his caucus wants to provide $35 insulin “for everybody” and improve the nation’s health care system.
“We believe very strongly in so many things, and we are going to continue to work on the agenda that we put before us,” Schumer said. “We first have to fund the government. The supplemental is very important. But after that, you will see us turn to many of the bills that we passed: the SAFER [Banking] Act, safety on the rails, RECOUP [Act]—so many other things.”
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