As part of ongoing negotiations regarding the America COMPETES Act/ United States Innovation and Competition Act (USICA) conference committee report, it was announced last week that the Secure and Fair Enforcement (SAFE) Banking Act would not be included in the final agreement. Senate Majority Leader Chuck Schumer (D-New York) has previously shown resistance to moving the narrow financial reform ahead of broader justice-focused cannabis legalization. Conversely, it is looking less likely that Senator Schumer will have the votes to pass his broader justice-focused cannabis legalization.
