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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05.14.2024
LCFS credit trading volumes, prices decline on week
California Low Carbon Fuel Standard (LCFS) credit volumes declined sharply while the average credit price moved lower in the week ended Sunday May 12, according to the figures released...
05.14.2024
Animal fats prices steady on the week; Weekly average DCO 36.89% under three year average
Animal fats prices were flat on Tuesday May 14, with limited trade volume reported. Several participants indicated doing trade ahead of the current week due to the Fastmarket’s Biofuels...
05.14.2024
Dog, cat food exports for Q1 2024 drop in price, volume year on year
Animal proteins prices were steady to lower on Tuesday May 14, with limited trade volume reported. Several participants indicated doing trade ahead of the current week due to the...