From the 5 Minute Forecast:
“Cannabis stocks surged in late September as the House voted on the National Defense Authorization Act,” says our pot stock authority Ray Blanco.“That wouldn’t normally be bullish for pot, but in an effort to get a pro-cannabis measure through Congress, a formerly stand-alone bill known as the Secure and Fair Enforcement (SAFE) Banking Act was inserted as an amendment into the NDAA,” he says.
SAFE would open up the banking system for companies operating legally in their respective states,” Ray says. “If it were to pass, it would greatly ease business transactions and help reduce the costs of engaging in the cannabis trade.”
Would this legislation hurt AFGC by allowing competitors to enter the lending market that AFGC targets?
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