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Article Summary
- Senate Majority Leader Chuck Schumer introduces legislation to allow marijuana businesses access to banking services
- The bill, called the SAFE Banking Act, aims to address the financial challenges faced by legal cannabis businesses
- Schumer emphasizes the need for federal regulation to support the growing marijuana industry
- The legislation is seen as a step towards federal legalization of marijuana
- The bill faces opposition from Republicans who argue that marijuana is still illegal under federal law Tone: informative and balanced
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Scoop: Schumer's Last-minute Marijuana Push Looks Doomed
Senate Democratic leader Chuck Schumer's (D-N.Y.) late push to get landmark marijuana legislation passed this year looks doomed, sources tell Axios.Why it matters: The next few weeks are Democrats' last chance to get the
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