Cannabis banking bill and retirement package both could actually pass Congress by year’s end, analysts say

Posted on AllSides November 28th, 2022
From The Center
House Speaker Nancy Pelosi talks with Senate Minority Leader Mitch McConnell, while Senate Majority Leader Chuck Schumer talks with House Minority Leader Kevin McCarthy and House Majority Leader Steny Hoyer in this file photo. GETTY IMAGES

It has been a long road for Washington’s cannabis banking bill and an unrelated measure targeting the U.S retirement system.

Now both legislative packages have decent or even strong chances of becoming reality by year’s end, according to analysts.

The bill that aims to protect financial institutions that work with the marijuana industry MSOS, +0.75% MJ, +1.24% is known as “SAFE Banking Plus,” with the “Plus” referring to its expected inclusion of some criminal-justice reform provisions.

The cannabis banking bill has a roughly 70% chance of passing by the end of December, reckons Ben Koltun,...

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