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Question: If this change goes into effect, will it effectively open up banking for all the cannabis related/cannabis adjacent companies? Seems like a really sma
by aerophilic 2y ago
Question: If this change goes into effect, will it effectively open up banking for all the cannabis related/cannabis adjacent companies? Seems like a really smart move to bring them into the financial system.
- nickff 2y agoNo, it won’t, as the federal government has repeatedly pressured banks to cut off banking to legal, but ‘undesirable’ industries (as well as cannabis). https://en.m.wikipedia.org/wiki/Operation_Choke_Point https://en.m.wikipedia.org/wiki/Operation_Choke_Point
- resolutebat 2y agoThis makes medical cannabis possible, but only under the same rules as pharmaceutical drugs. It does not address recreational cannabis at all, and most medical marijuana retailers are also not pharmacies.