RE:RE:RE:RE:RE:Buying Opportunity is Closing in on Cannabis Retailers BNY Mellon move takes effect in late November
BNY Mellon, which controls roughly $35.5 trillion of assets, issued a notice to clients in early October saying it will no longer accept incoming positions of “non-permitted” cannabis securities, effective Nov. 30. While the bank did not spell out what it meant exactly by non-permitted securities, the move targets, among others, U.S. cannabis multistate operators (MSOs) trading on the Canadian Securities Exchange, analysts said."
https://mjbizdaily.com/bny-mellons-cannabis-limiting-move-highlights-inconsistencies-in-banking-but-could-help-in-the-long-run-sources-say/