Green Thumb Industries Inc (GTBIF)

[FUNMAN]

This would be huge for the MSO's. Access to banking, while not fully legalizing locks in their franchise monopoly for the time being.

BTW, Curaleaf and Trulieve, the two other good MSO both reported revenues this week. Neither topped $100M like GTI did. Green Thumb is now the segment leader!!!



'hiroller12x' posted this on the Valens board.


AG Ford, 33 states urge congress to allow pot businesses to access banking system

by News 4 and FOX 11 Digital TeamTuesday, May 19th 2020
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AG Ford, 33 states urge congress to allow pot businesses to access banking system.

https://mynews4.com/news/local/ag-ford-33-states-urge-congress-to-allow-pot-businesses-to-access-banking-system


CARSON CITY, Nev. (News 4 & Fox 11) — Nevada Attorney General Aaron Ford joined a bipartisan coalition of 34 state and territorial attorneys general urging Congress to pass the federal Secure and Fair Enforcement Banking Act which would give legal marijuana-related businesses access to the federal banking system.

According to the AG's office, today’s letter is a renewed effort by AG Ford and attorneys general across the country urging Congress to advance these same goals as part of any future COVID-19 relief package.

“As one of the states that has legalized the use of marijuana, this legislation would help law enforcement, tax agencies and regulators monitor local marijuana businesses and transactions,” said AG Ford. “I’m proud to redouble my efforts with Congress to pass this important legislation.”


NV Attorney General
@NevadaAG
SHARE | Attorney General Ford, 33 States Encourage Legislation Allowing Marijuana-Related Business to Access the Banking System. Read More Here: http://ag.nv.gov/News/PR/2020/Attorney_General_Ford,_33_States_Encourage_Legislation_Allowing_Marijuana-Related_Business_to_Access_the_Banking_System/ …

Under existing law, federal regulators prohibit financial institutions from providing services to marijuana businesses in states where medical or retail marijuana sales are legal

In addition to Nevada, other states and territories participating in this letter include: Alaska, Arkansas, California, Colorado, Connecticut, Delaware, the District of Columbia, Guam, Hawaii, Illinois, Iowa, Maine, Maryland, Massachusetts, Michigan, Minnesota, New Jersey, New Mexico, New York, North Carolina, North Dakota, Northern Mariana Islands, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, Utah, Vermont, Virginia, Washington, West Virginia and Wisconsin.

See the original letter here:

https://coag.gov/app/uploads/2020/05/SAFE-Banking-Act-with-Signatures-5.19.20.pdf