Author of SAFE Banking cannabis measure won’t seek reelection this year

Just Released! Get realistic market forecasts, state-by-state insights and benchmarks with the new 2024 MJBiz Factbook member program, now with quarterly updates. Make informed decisions.


Colorado Democrat Ed Perlmutter, a champion in the U.S. House of Representatives for cannabis reform, announced Monday he won’t run for reelection in 2022.

“It’s time for me to move on and explore other opportunities,” Perlmutter, who has served in the U.S. House of Representatives since 2007, wrote on Twitter.

He specifically cited his work on marijuana reform as a highlight of his career as well as issues such as renewable energy and supporting military veterans.

Perlmutter, one of the first and most vocal allies of marijuana businesses in Congress, is perhaps most well-known in the industry for writing the SAFE Banking Act, a measure designed to grant protections to any bank or financial institution that provided services to state-legal cannabis companies.

Though Perlmutter hasn’t yet seen the bill signed into law, he has fought to bring political attention to marijuana banking.

Tributes to Perlmutter’s lengthy congressional service immediately poured in on social media, including from the National Cannabis Industry Association, which responded to Perlmutter’s tweet with: “Thank you for everything, Congressman.”

Are you a social equity cannabis license holder or applicant?

The MJBizCon team is now accepting 2023 Social Equity Scholarship Program applications.

The mission of this program is to provide social equity cannabis license holders or applicants access to the #1 global cannabis industry conference + tradeshow in Las Vegas.

Who can apply?

  • Students currently enrolled in a cannabis-related program at an accredited university or college.
  • Cannabis executives at licensed social equity cultivation, extraction/processing, retail, manufacturing/brand businesses (or awaiting application approval).

Don’t miss out on this potentially life-changing opportunity.

Apply to attend MJBizCon today – The application period will close on July 24!

Steve Hawkins, the president and CEO of the U.S. Cannabis Council, said Monday he believes the SAFE Banking Act might still be passed into law in 2022, which he believes would be a fitting end to Perlmutter’s tenure in the House.

“We want to make sure this is part of his legacy,” Hawkins said.