The Secure and Fair Enforcement Banking Act, also known as the SAFE Banking Act, passed the House earlier in September by a vote of 321 to 103. This is one step closer to allowing the cannabis industry, which is legal in some states but illegal federally, access to banking and financial services — a big […]
Investing takes time, patience and enough money to ride out ebbs and flows. The marijuana industry is expected to perform well and thrive, but that’s the long game. In order for cannabis stocks to thrive, long-term, it’s going to take a robust influx of cash in order to counteract aggressive spending and losses. Multiple forecasts […]
The marijuana industry is on fire in the US, and it’s showing no signs of slowing down. With the fourth quarter of 2019 still ahead of us, the industry is positioned to bring in more than the $52 million in sales posted already. But that’s not the end of it. Recreational marijuana use is legal […]
In an effort to overcome the banking hurdle faced by the legal cannabis industry, Senate Bill 51 passed legislation to allow state-chartered cannabis banking. The bill still requires the approval of the Assembly and California State Governor Gavin Newsom before it becomes law. Through the provisions of SB 51, private banks and credit unions would […]
