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Wednesday, August 13, 2014 3:37:13 PM
I just came across an article titled : '105 Banks Working With Cannabis Industry', published in Marijuana Business Daily.
"Banking guidelines handed down by the Obama administration earlier this year are “having the intended effect” of encouraging more financial institutions to do business with the cannabis industry, according to a key government official."
Since banks are increasingly getting involved, this seems bad for ADCS. Why would a dispensary or a clinic deal with ADCS when they can deal directly with a large financial institution?
I thought ADCS was a buy, but now I am thinking this is a sell. ADCS is trading at 0.0001/0.0002, so the selling continues. Perhaps, this is one of the reasons why.
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