Senate Banking Committee may be headed to vote on marijuana banking

Republicans are exploring a bill that would include provisions supported by both the marijuana and gun industries.

Senate Banking Committee Chairman Mike Crapo (R-Id.) may be getting ready to allow the panel to vote on a marijuana banking bill by the end of the year.

A Crapo aide confirmed Friday that the chairman had told Politico that he was preparing to get a bill ready for committee consideration. However, it remains unclear what form that legislation may take or whether it could be combined with another issue to help gain support.

Supporters of marijuana banking legislation had said they were worried about Senate action, since Crapo has expressed concerns about the measure.

During a hearing earlier this year on marijuana banking, Crapo mentioned legislation that would ensure that a program like the Obama Administration’s Operation Choke Point cannot be duplicated.

 

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