Replies to post #114484 on Amfil Technologies Inc (FUNN)

[Hitman1127]

Legislation is moving the right direction. High ranking officials realize the need for mj companies to have access to traditional banking practices/options! Just a matter of time until these bills are forced through imo,

“The measure would prevent federal officials from being able to punish banks simply “because the depository institution provides or has provided financial services to a cannabis-related legitimate business.”

https://www.thecannabist.co/2018/03/16/marajuana-banking-safe-murkowski-merkley/101552/

There’s already examples of small banks working with local mj companies but big banks wont risk it.....yet!

https://www.google.com/amp/s/www.forbes.com/sites/tomangell/2018/01/02/more-banks-welcome-marijuana-businesses-federal-data-shows/amp/

This article is speaks to the value that some products could have if traditional funding is made available, and which ones may actually benefit from cultivators not being able to deposit cash. If you can’t put the incoming revenues in a bank you might as well spend some on protection! Gro3 is a great way to limit liability!

“More cash on hand means ancillary companies that specialize in security may see an increase in business.”

https://www.cnbc.com/2018/01/11/banking-restrictions-on-the-pot-industry-may-benefit-security-business.html

[dealerschool2006]

AMFE is a Canadian company...different laws in Canada...more banks are lending to MJ companies in Canada, ay...