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stockvaper

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stockvaper

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Monday, 10/21/2019 2:39:28 PM

Monday, October 21, 2019 2:39:28 PM

Post# of 119774
CBD products are flying off the shelves — so why are banks so reluctant to offer financing?

"While a majority of states have legalized or decriminalized recreational marijuana use, and the 2018 Farm Bill gave legal status to growers and sellers of hemp, cannabis is still classified as a Schedule I drug at the federal level — which means most financial services providers won’t do business with marijuana-related ventures.

However, a California visit last week by Sen. Mitch McConnell, R-Ky., raised hopes among marijuana and CBD purveyors that access to mainstream financial services could be coming."

https://www.nbcnews.com/business/business-news/cbd-products-are-flying-shelves-so-why-are-banks-so-n1068151


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