Weed is likely to remain federally illegal, but ‘cannabis banking’ could pass this year. via /r/wallstreetbets #stocks #wallstreetbets #investing


Weed is likely to remain federally illegal, but ‘cannabis banking’ could pass this year.

Weed is likely to remain federally illegal, but ‘cannabis banking’ could pass this year

Congresswoman Nancy Mace (R-SC), a longtime advocate for cannabis legalization, told Yahoo Finance that she’s somewhat optimistic for some kind of legislation to get done this year:

“I’m looking at trying to do some amendments on MORE to see if we can find some blend, some sort of consensus in a bipartisan way to meet that need across the country.”

She has introduced her own version of the bill, called the States Reform Act, but it hasn’t gained traction.

https://finance.yahoo.com/news/weed-is-likely-to-remain-federally-illegal-but-cannabis-banking-could-pass-this-year-132330251.html

“I am bullish on cannabis banking getting done this year,”

said Isaac Boltansky, director of policy research at BTIG, in an interview with Yahoo Finance Live. “You have a few vehicles it can be attached to, the defense bill or the China competitiveness bill. We know that lobbying is cumulative, and they were very close last year. And I think you can wrap cannabis banking along with some of these restorative justice and research bills to make it more palatable to progressives.”

Published By: Julie Hyman March 31st, 2022

Submitted March 31, 2022 at 05:30PM by Beautiful-Chance628
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