In Georgia, two Senate runoffs are scheduled for January 5, and all eyes will be on the race for the seats. If the Senate is tied, the vice president will break the balance between Republicans, who now hold 50 seats, and Democrats, whose 48 senators include Bernie Sanders (I-Vt.) and Elizabeth Warren (D-Mass.). A Democratic victory, with two seats at stake, would give both parties an equal share.
Democratic control of the Senate is important for the cannabis industry because Republicans have traditionally taken a tougher stance on cannabis than Democrats. So why does it matter if Democrats win control? There has been some progress in the Senate, with several marijuana bills passing the Democratic-controlled House of Representatives in recent years. In September 2019, the House of Representatives passed the Secure and Fair Enforcement (SAFE) Act.
The bill is an attempt to make it easier for the industry to access banking services and avoid holding excessive amounts of cash, which many see as a security problem.
And don't forget that even more important issues like the legalization of medical marijuana are still up for debate in the US Senate.