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A Big Hole In The SAFE Banking Act, The Band-Aid Solution For The Cannabis Industry


This article by Johnny Green was originally published on The Bluntness, and appears here with permission.
The emerging United States legal cannabis industry is facing many hurdles, with one of the biggest hurdles being a lack of access to the nation’s banking system. The problem is not as great as it once was, however, it’s still a major issue for many cannabis companies and the cannabis industry will never reach its full potential without adequate banking options.
Too many cannabis companies, especially those who ‘touch the plant’, are completely locked out of using any banking options at all. Instead of depositing money like any other state-legal entity, those cannabis companies have to transport and store large amounts of cash making them a huge target for people with nefarious intent. ....

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