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Cannabis Financing Could Get Easier With New Bill

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The Street

By Tony Owusu The SAFE Act passed its first hurdle in the House of Representatives, but the race is far from over. Federal legalization of cannabis is probably years away from becoming a reality, but the growing number of states that have legalized either medical or recreational pot markets, or both, means that there need to be reforms on the table. A key measure in those efforts move a step further recently. Cannabis businesses that operate in states with legal recreation markets typically operate as all-cash businesses because big banks don’t want to provide services due to the federal illeg…

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