WASHINGTON, June 25 -- Sen. Jeff Merkley issued the following press release:
Today, Oregon's U.S. Senator Jeff Merkley led a bipartisan group of Senators to reintroduce his legislation that would ensure state-legal cannabis businesses can access traditional and secure banking systems and financial services.
Even with the recent federal reclassification of cannabis from Schedule I to Schedule III at the federal level (https://www.merkley.senate.gov/merkley-now-is-the-time-for-bipartisan-action-on-commonsense-cannabis-reforms/), the bipartisan Secure and Fair Enforcement (SAFE) Banking Act of 2026 is necessary to provide legal clarity for financial institutions to adequately serve state-legal medicinal or recreational cannabis businesses an...