CV Sciences Inc (CVSI)

[GE_Jim]

Regarding the SAFE banking bill that will be voted on WED. I think this will likely pass and then be forwarded to a later date on the Senate floor for a vote, then the House vote of course.
THIS WILL NOT PROVIDE ANYTHING FOR THIS COMPANY HOWEVER.
The SAFE act is for Marijuana companies which is selling an illegal FED product and has to do so on cash only transactions. Also, banks are reluctant to do business with those type of companies.
CBD companies don’t have those restrictions, they are selling a legal product, can work with any bank already and credit cards are widely used. It will provide nothing for CBD companies as they already have all that.

The big problem with this company is they just can’t sell enough of their product, no banking can help that. They have 69 percent of the money taken in goes to SG&A. Then the cost of the product they make is added and instant losses. Now they, as stated raised the price of those products they sell, but all that did was create less sales, apparently people aren’t willing to pay 1.20 for a 1-dollar product when they can just go elsewhere and get the same thing cheaper, who knew!
But SAFE banking, no, no help there, no the only thing that will help is to SELL MORE PRODUCT, not less and less every qt as they have been. IMO