Categories: aggregated

The US Cannabis Industry Takes Another Gut Punch as Emperor McConnell Throws Out the SAFE Banking Act, Again.

Over the last week, investors have been bumping cannabis stocks in the hopes that the SAFE Banking Act, appended to the NDAA by sponsor Rep. Ed Perlmutter in July, would be in the final draft of the must-pass yearly defense funding measure. As it stands, Mitch McConnell, the Senate Minority Leader, is opposed to its inclusion, claiming that enacting SAFE Banking will make the banking system more friendly to illegal substances.

Jason

Share
Published by
Jason

Recent Posts

ILGM’s Home Grow Tour 2025

ILGM is hitting the road in their revamped Airstream Bambi for the Home Grow Tour…

19 hours ago

Buddha Chief raises vibrations at new Housing Works dispensary in NoMad

Meet the music and cannabis pioneer behind the Upper East Side's hottest new dispensary. The…

2 days ago

The Rise and Fall of the Cannabis Industry – Is There Any Hope Under Trump 2.0?

Let's dive into how this iconic marijuana mecca rose to prominence, flourished during the golden…

2 days ago

Leafly’s top 3 THCA vape carts of 2025

Find the best THCA vape carts of 2025. We reviewed popular THCA carts & chose…

3 days ago

LA’s hype weed contest Zalympix 2025 winners and where to buy them

Los Angeles’ top contest picks some bangers The post LA’s hype weed contest Zalympix 2025…

3 days ago

America is Rethinking Marijuana Legalization – A Response to the National Review

Today, I'm going to examine these claims with a critical eye. While I agree that…

5 days ago