1933 Industries Inc C.TGIF

FROM BNN

[jfogarty12]

U.S. Congress takes another go at cannabis banking legislation

U.S. Congress reintroduced the SAFE Banking Act on Thursday, a vital piece of legislation members of the cannabis industry have been clamouring to see passed for years. The bill will essentially provide safe harbour for financial institutions that service the cannabis industry as federally-regulated banks can't conduct business with companies that directly handle the marijuana plant. It was updated to also specifically include hemp and CBD businesses in the safe-harbour provision. A previous version easily passed in the House of Representatives but died in the Senate. Analysts expect this bill to become law by the end of the year. Meanwhile, legalization efforts continued across several states over the past week including New York and New Mexico. The White House, however, is screening staffers for prior cannabis use, with a number of them having already been let go, according to the Press Secretary.  

[mram]

Big thanks to JF12. All we need is SAFE BANKING Act passed, the rest will follow with the Pharmaceuticals who are opposing it now but they will JOIN and ACQUIRE MJ companies or Partner with them. SAFE is a BIG'O,  No more CASH Sales but use all other means to purchase ONLINE/In Person. Get SAFE done, this will solve the rest of the Dilemma faced by mj companies.