During a Democratic caucus meeting last week, Representative Ed Perlmutter (D-Colorado) alluded to his work on including a revised version of the Secure and Fair Enforcement (SAFE) Banking Act in an upcoming Coronavirus Phase 4 stimulus package. He stated that while such legislation would likely come in a amended form, he has received the support of top congressional leadership including House Speaker Nancy Pelosi (D-California). It is unclear what kind of revisions he is considering, but Senate Banking Committee Chairman Mike Crapo (R-Idaho) has previously floated changes including limits on the THC potency of products. Resolving the banking issue for the legal cannabis industry remains a top priority for RCRC.
