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GOP Senate Sponsor Says Cannabis Banking Not an Urgent Priority
Jun 23, 2025
Source:
Staff
Marijuana Moment
The cannabis landscape is shifting rapidly, with some unexpected wins and frustrating delays. In Texas, Governor Abbott surprisingly expanded the state's medical program and protected the hemp industry by vetoing a potential ban. Meanwhile, despite being the lead sponsor, Senator Bernie Moreno has sidelined SAFER Banking talks until the fall, labeling it a "tomorrow thing." On a brighter note, New Jersey is launching free training for aspiring entrepreneurs, and Massachusetts is moving toward licensed social consumption spaces. We also saw some major justice milestones, including the pardon of Silk Road founder Ross Ulbricht and expanded possession pardons in Maryland and Colorado.
This mix of news shows that while political red tape still slows down federal banking, the "boots on the ground" movement in the states is winning. For everyday tokers, the Texas veto and the push for social lounges in Massachusetts mean better access and safer places to enjoy our favorite plant. It’s a reminder that local advocacy keeps the momentum going even when D.C. drags its feet.






