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Marijuana: Cannabis CEOs signal confidence on banking law reform

Marijuana: Cannabis CEOs signal confidence on banking law reform

Check out this article I saw this morning by Yahoo finance!

It would be definitely be a great great thing! It would absolutely be much safer for those of us who are in the cannabis industry whether patients, customers, business owners, staff, and even the banks themselves.

What your thoughts on it? Check it out, come back, and lets talk about (:

-AL

 

Yahoo finance

By Zack Guzman

Marijuana advocates have been stacking victories over the last few years at the state level with nearly 20 U.S. states having now approved adult recreational marijuana use.

But even as momentous as those changes have been, reform at the federal level has proved elusive — until now, if you trust the confidence coming from the leaders of America's largest cannabis companies.

This week, Trulieve CEO Kim Rivers and Curaleaf Executive Chair Boris Jordan both wagered on Yahoo Finance Live that the nation's onerous banking restrictions on cannabis companies could finally be lifted as soon as early next year. Due to the fact that cannabis is still illegal at the federal level, cannabis businesses have largely been locked out of the traditional banking system and often operate cash-only storefronts. 

One bipartisan plan, dubbed the SAFE Banking Act, seeks to fix that by.......Read the rest here

 

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