Just as potential marijuana banking progress appears on the horizon at the federal level due to the U.S. House of Representatives’ passage of the SAFE Banking Act, one major bank has stopped clearing a significant chunk of cannabis-related trades. The move by New York-based BNY Mellon’s Pershing unit immediately dashed some of the optimism from
BNY Mellon’s cannabis-limiting move highlights inconsistencies in banking but could help in the long run, sources say is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
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Originally posted on BNY Mellon’s cannabis-limiting move highlights inconsistencies in banking but could help in the long run, sources say via George Scorsis Medical Marijuana News
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