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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09.06.2024
Signs of US economic downturn send ULSD prices to 3-year low
Shifting economic conditions are raising the possibility of a US recession. The US Bureau of Labor Statistics (BLS) released the jobs report on Friday September 6, which showed that...
09.06.2024
US fat market slides on pressure from soybean oil, energy complex
Used cooking oil (UCO), distillers’ corn oil (DCO) and yellow grease all traded lower on Friday September 6 due to pressure from the sinking heating oil and soybean oil...
09.06.2024
Sluggish trade volume keeps weekly animal protein prices flat
US animal protein prices were steady on Friday September 6, with market participants indicating light traded volumes for products.
Weekly wrap-up
Prices for US animal proteins were little...