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Re: Fallingknife75 post# 14122

Wednesday, 11/03/2021 11:38:35 AM

Wednesday, November 03, 2021 11:38:35 AM

Post# of 21241
I know it is a red tape issue. Banks are FDIC insured so they could potentially lose their status if they dont follow federal govt regulations...that being cannabis is still listed as a Schedule 1 substance.

Bank Of America pressed this a few weeks ago when they shut down the account of Scottsdale Research Institute, a research institute that’s federally authorized to cultivate and study Schedule 1, with the notice that the action is "final and won’t be reconsidered."

Sounds more to be like JP Morgan sees the cash flow of this industry, and is sick of sitting on the sidelines, so they are trying to use their leverage to get the federal govt to make a decision.
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