The US Senate returned from their August recess this week and Majority Leader Schumer (D-NY) has emphasized the importance of advancing the Secure and Fair Enforcement Act (SAFE Banking). Banking is a critical issue for cannabis businesses, including hemp companies with no commerce in cannabinoids.
Senators need to make a case for cannabis banking being critical to the US economy. Billions of cannabis dollars flow through state economies, but it is poorly tracked, and creates safety and logistical issues. Providing banks with risk assurances would have a powerful impact on cannabis businesses.
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11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...