Square is addressing a key financial services issue for the cannabis industry
Although hemp and its derivatives including CBD were federally legalized under the Farm Bill signed into law by President Trump late last year, many financial institutions have remained wary of working with companies selling the cannabis compound.overwhelmingly approved a bill last week that would protect banks that work with state-legal marijuana businessesIts path in the Senate is uncertain, but there are some indications it stands a good chance of getting to Trump’s desk.
Senate Banking Committee Chairman Mike Crapo , who had long been skeptical of such a reform, now says heAnd Senate Majority Leader Mitch McConnell , who championed hemp’s legalization but is not a fan of its “illicit cousin” marijuana, is likely happy about
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Square will now serve CBD clients, expanding beta testSquare is opening up its platform to all CBD merchants in the US after conducting a three-month beta test in May.
Consulte Mais informação »
5 things to know before the stock market opens ThursdayU.S. stock futures point to a lower Thursday open on Wall Street, after the Dow's two-day plunge of more than 800 points.
Consulte Mais informação »
Soros-funded university opens in Vienna after 'forced move' from HungaryIn 2017, Hungarian authorities introduced legislation that meant US-accredited courses at Central European University would no longer be held in Budapest.
Consulte Mais informação »
Busan Film Festival Ducks Typhoon, Opens on Celebratory NoteAfter a typhoon wiped out Wednesday evening events in Busan and brought back memories of last year’s drenching, organizers of the Busan International Film Festival must be mighty pleased to have go…
Consulte Mais informação »
FTC opens inquiry into e-cigarette industry's marketing practicesThe Federal Trade Commission has opened a new inquiry looking at the marketing practices of six major e-cigarette manufacturers, ordering them to turn over reams of data by Jan. 2.
Consulte Mais informação »