Protected Act Passage Would Imply Protected Cannabis Banking for All


In September 2018, a member of my company’s executive group spoke on Capitol Hill about the lack of economic solutions readily available to cannabis firms and the challenges of operating in an all money atmosphere. Just weeks later, we received notice from 1 of our economic solutions providers that it was terminating its connection with Green Bits simply because of our personal service to the legal cannabis market.

Green Bits is technically what is identified as an ancillary cannabis enterprise, which means absolutely nothing we do touches the cannabis plant at all. Rather, we assistance cannabis retailers and dispensaries handle their companies and remain compliant with state laws. We are a step removed from any activity that the US government would declare illegal below the Controlled Substances Act. However, we are topic to the very same heightened scrutiny, and economic solutions institutions have the very same aversion to operating with us as they do with firms that basically develop and sell legal cannabis items.

– Study the complete post at Forbes.


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