Wancho
2021-04-20
Looking good
Sundial Growers rose 10% in pre-market
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Banks who deal with cannabis businesses are not under protection against federal regulators. So, many who operate in conjunction with cannabis businesses can be legally reprimanded for doing so, even in a legal state. This in turn disincentivizes banks from wanting to offer these services.</p><p>The bill is looking like a slam dunk for the cannabis industry. It has bipartisan support, including support from some of the most conservative Representatives, like Rep. Matt Gaetz of Florida. 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