Chuck Schumer

Top leaders in Congress have reached an agreement on the spending limits for the ongoing fiscal year, potentially averting a partial government shutdown. According to an AP News report released on Sunday, the agreement mostly follows the established spending limits for defense and domestic programs...

Senate Majority Leader Chuck Schumer (D-N.Y.) vowed Wednesday that lawmakers will "hit the ground running" in 2024, prioritizing bipartisan progress on key issues like marijuana banking reform though he acknowledged it won't be easy. Wrapping up the chamber's 2023 legislative...

Senate Majority Leader Chuck Schumer and former NBA player Al Harrington, who is also the CEO of cannabis producer Viola Brands, spoke with Yahoo’s Marquise Francis about federal cannabis legalization and banking reform for the industry. The legalization of cannabis...

President Joe Biden announced in a Wednesday press conference that he and Chinese leader Xi Jinping had reached an understanding to "reduce the flow of precursor chemicals and pill presses from China to the Western Hemisphere."   "It's going to save lives...

It wasn't even 48 hours after Ohioans voted to approve an initiative to legalize recreational marijuana when Gov. Mike DeWine (R) came out with his plans to amend it.  WCPN reported that he is already seeking changes to the law that would restrict advertising...

Sen. Steve Daines (R-MT), co-sponsor of the bipartisan cannabis banking bill, says the Secure and Fair Enforcement Regulation (SAFER) Banking Act will remain on hold until there's more certainty of its acceptance in the GOP-controlled House of Representatives. Daines made the...

In recent developments, Jared Kushner, the ex-adviser and son-in-law of former President Trump, has rebuffed claims made by Senator Chuck Schumer (D-N.Y.) that Kushner was destined for jail due to his activities during the 2016 election. What Happened: As reported by The Hill, Kushner disclosed...

Rescheduling cannabis from a schedule one drug to a schedule three drug was top of mind for former U.S. Rep. Ed Perlmutter, who spoke exclusively to Benzinga at its Cannabis Capital Conference in late September. The former U.S. representative, who has been an influential figure in the cannabis...

In the latest political development, Senate Majority Leader, Chuck Schumer (D-N.Y.) has expressed his refusal to support the concept of former President Trump taking up the open House Speaker seat. What Happened: As reported by The Hill, the House Speaker seat has been empty for two days, with...

After seven tries, Wednesday’s Senate Banking Committee vote to move a cannabis reform bill to the Senate floor marks the first time that Senate members have agreed to consider alleviating the major burden facing the billion-dollar banking cannabis industry: access to banking and financial...

The passage of the bipartisan banking bill has sent some Senate members opposed to the legislation into their corners as Senate Majority Leader Chuck Schumer (D-NY) pledges to bring the bill to the floor “very soon.” It also sent cannabis stocks surging, but they’ve since ...

The Senate Banking Committee approved the Secure and Fair Enforcement Regulation (SAFER) Banking Act Wednesday, marking a regulatory milestone that has been in the works for nearly a decade. The bill is crafted to enable legal cannabis businesses access to banks and...

The National Conference of State Legislatures (NCSL) is calling on Senate Majority Leader Chuck Schumer (D-NY) and Senate Minority Leader Mitch McConnell (R-KY) to take action on the cannabis banking reform.  Tim Storey, chief executive officer of the NCSL sent a...

Senate Majority Leader Chuck Schumer (D-NY) is circulating a petition via a campaign email blast urging supporters to join him in a push to legalize cannabis, saying there is no reason why it should be criminalized on a federal level. Schumer's petition: Leveraging The...

On Wednesday, members of the House of Representatives Oversight and Accountability Committee voted 30-14 in favor of bipartisan legislation known as the Cannabis Users’ Restoration of Eligibility (CURE) Act, which was introduced by Congressman Jamie Raskin (D-MD). The...