By Maier N. Rosenberg, CohnReznick
The Secure and Fair Enforcement (SAFE) Banking Act, which, in March, passed the U.S. House Committee on Financial Services by a significant bipartisan margin, represents a promising step forward for banks and cannabis companies that want to take sales out of the cash-based market and into the mainstream. Although the ultimate passage of the bill remains uncertain, it’s vital for business owners to educate themselves so they can seize the chance to put the cannabis industry on firmer financial and legal ground...
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