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Ask a Pol drugs
Sen. Heinrich: All-cash cannabis companies "just attracts really bad elements"
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Sen. Heinrich: All-cash cannabis companies "just attracts really bad elements"

Ep. 85 — Sen. Martin Heinrich: Ask a Pol's 85th of 100 exclusive marijuana banking interviews with each US senator (6-5-2024)
Sen. Martin Heinrich speaks to the congressional press corps. Photo: Matt Laslo

Who?

Sen. Martin Heinrich (D-NM)

LISTEN: Laslo & Heinrich (& Sen. Susan Collins)

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Ask a Pol asks:

What is your position on the SAFER Banking Act?

Key Heinrich: 

“But you need certainty in those kinds of financial situations,” Sen. Martin Heinrich exclusively told Ask a Pol. “That’s what we ought to be providing.”

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Caught our ear:

“I wouldn't move that kind of cash without an armored car,” Heinrich told us. 

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Below find a rough transcript of Ask a Pol’s exclusive interview with Sens. Martin Heinrich (D-NM), slightly edited for clarity.

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TRANSCRIPT: Sen. Martin Heinrich

SCENE: After hopping the tram from his office to the US Capitol, Sen. Martin Heinrich’s greeted by Ask a Pol’s Matt Laslo. The two proceed to talk as they walk through the basement until they hop an elevator occupied by Sen. Susan Collins (R-ME) — who Laslo proceeds to interview as well.

Matt Laslo: “Do you know where you are on SAFER Banking?”

Martin Heinrich: “Yes, favorable.”

ML: “Yeah? What do you think of the DEA moving on it, like does that take some leverage away from you all who want…?”

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MH: “I don't think so. I mean, it’s something that — I mean it's good to have, like, incremental progress on this stuff.”

ML: “Yeah?”

MH: “But you need certainty in those kinds of financial situations.”

ML: “Yeah?”

MH: “That’s what we ought to be providing. There's a lot of public safety problems with having…”

ML: “All cash?”

MH: “…a bunch of cash. I’ve talked to these folks in New Mexico — cause we’ve had medical [marijuana] for a long time and got recreation a couple years ago — and it just attracts really bad elements to have that kind of…”

ML: “Well, in Colorado and stuff they have like armored cars, or those groups like C or whatever.”

MH: “Yeah. I wouldn't move that kind of cash without an armored car.”

ML: “That's literally creating a public health issue. That’s interesting.”

Susan Collins: “That’s an interesting conversation to drop into.”

Aide: “She was asking all about cannabis and…”

ML: “You’re still supportive of SAFER Banking right?”

SC: “I am…”

Andrey Beregovskiy and Walken Whalen contributed to this report.

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