When Christina Cusack goes to see her medical doctor, she pays money. When she goes to get her healthcare marijuana prescription filled, she pays money. This is how the market performs in Florida.
“It is money, a lot of money and we’re not speaking a tiny bit, it is $75 or $200 here and there, which is a lot of revenue for somebody like me to be carrying about,” says Christina, who suffers from a number of sclerosis.
“When you say money, you have to have money on you, once more, not truly secure.”
Marijuana is nevertheless illegal at the federal level, a thing that has forced a lot of banks to back away from the market.
In March, Sun Trust started the method of shutting down the accounts of healthcare marijuana companies, drawing sharp criticism from Florida Agriculture Commissioner Nikki Fried, who tweeted out, “I guess SunTrust does not trust Florida voters.”
Fried has been joined by fellow Florida cabinet member CFO Jimmy Patronis in pointing out that even although Florida legalized healthcare marijuana, federal laws are nevertheless a concern for a lot of banks and finical institutions.
“Legitimate Florida companies in our healthcare marijuana market face amazing safety threats and enhanced chance for criminal activity due to the troubling lack of banking options,” wrote Patronis in a statement. “At no fault of their personal, healthcare marijuana organizations operating in our state are undertaking so as money-only companies and this is unacceptable. I ask Congress to step up and quickly approve legislation which will boost banking choices for our country’s marijuana companies.”
Congress is thinking of a bipartisan bill that would open up banking by making “protections for depository institutions that present economic solutions to cannabis-connected reputable companies and service providers for such companies, and for other purposes.”
The bill, filed this year has help from eight Florida member of congress which includes Rep Darren Soto (D-Orlando), Rep Stephanie Murphy (D-Winter Park), and Rep Matt Gaetz (R- Fort Walton Beach).
You can study extra on the bill right here.
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