New banking laws could be on deck for cannabis and hemp companies operating across the United States, as the Senate Committee on Banking, Housing and Urban Affairs commenced hearings at the end of July. As American support for marijuana legalization remains at an all-time high (61% in 2018 according to the General Social Survey), the market is keeping an eye on what multi-state operators (MSOs), such as Jushi Holdings Inc. (NEO: JUSH.B), Curaleaf Holdings, Inc. (CSE: CURA), Harvest Health & Recreation Inc. (CSE: HARV), MedMen Enterprises Inc. (CSE: MMEN), and iAnthus Capital Holdings, Inc. (CSE: IAN) could possibly gain from the Secure and Fair Enforcement (SAFE) Banking Act.
The passing of the SAFE Banking Act could help an MSO like Jushi Holdings Inc. (NEO: JUSH.B) grow its US national footprint. With each new regulation change, comes a reaffirmation of Jushi President Erich Mauff and his team’s decision to take Jushi public.
“We needed that liquid currency for potential future acquisitions,” Mauff told the Financial Post when asked why he chose to take his ... Click here to view full article