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THE BIG BANKS WANT IN

Business Insider reports the biggest banks on Wall Street, including Credit Suisse, Citigroup, JPMorgan and Goldman Sachs are dipping their toes in the water by assisting on cannabis related deals and IPOs. The fees thus far are relatively modest, but the banks want to build relationships in the industry before federal legalization.

Meanwhile in Washington D.C.: Senate Banking Committee Chair Mike Crapo (R-Id.), whose support is essential for a cannabis banking bill to pass the upper chamber, outlined his priorities: 1) Health and safety; 2) Money laundering prevention; and 3)”The interstate banking application.” (Whatever that is.)
Marijuana Moment