Banking Relief on the Horizon?

Banking Relief on the Horizon?

The shift of power in the US Senate early this year prompted widespread conjecture that federal cannabis legalization may be on the horizon.  Equity markets responded favorably in January but have since slouched, with a less bullish near-term outlook.  Some industry observers see banking reform in 2021 as an attainable policy goal that will have significant impacts on pan-cannabis markets – MJ and hemp. 

The 

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 will influence relevant markets in ways one would assume to come solely through federal legalization.  But states are reaching a critical mass, with much the northeastern corridor either recently implementing adult use programs or eyeing them intently.  New York is one of the most populous states in the union, and cannabis operators are looking lovingly to the state as they stake their…

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