ACB - The BAK Portfolio: Playing The Waiting Game On U.S. Weed
U.S. Legislation Update
The inevitability of cannabis legalization across the United States is becoming more and more clear. In addition to numerous states advancing pro-cannabis bills through their legislatures and broad public support for legalization, the U.S. Congress is expected to pass the SAFE Banking Act of 2019 in the next few months.
This bill would no longer permit the federal government to "prohibit, penalize, or otherwise discourage a depository institution from providing financial services to a cannabis-related legitimate business or service provider or to a State, political subdivision of a State, or Indian Tribe