Democrats’ Latest COVID Package Includes Marijuana BankingKnowledge is Power. Speculation is how you invest.
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Taken from Article If passed by the House, this will mark the third time that the full body has approved SAFE Banking legislation. House members initially passed the legislation as a stand-alone bill by a more than 3 to 1 margin in 2019. House members passed the language again in May in the initial HEROES Act.
“The inclusion of the SAFE Banking Act in the HEROES 2.0 package is a positive development,” said NORML Political Director Justin Strekal. “In the majority of states that regulate the marijuana marketplace, cannabis businesses have been deemed essential during this pandemic. Unfortunately, at the federal level, prohibition compounds the problems that this emerging industry faces. Small cannabis businesses in particular are facing tough economic times and access to traditional financial tools will help ensure that they can weather this pandemic.”
Link to FULL Article:
https://norml.org/blog/2020/09/29/democrats-latest-covid-relief-package-includes-marijuana-banking-provisions/