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Posted On: 09/26/2019 7:22:50 AM
Post# of 75075
A fantastic milestone for companies like Rocky Mountain High Brands!! The timing couldn't be better since RMHB is about to about to begin reporting strong quarter over quarter revenue growth, which will enable them to obtain conventional financing.
House of Representatives Approves Cannabis Banking Bill
"The SAFE Banking Act bars federal regulators from taking punitive measures against depository institutions that provide banking services to legitimate cannabis-related businesses and ancillary businesses, such as electricians and landlords who serve marijuana dispensaries. The legislation also includes language specific to hemp. The SAFE Banking Act passed the House by a vote of 321 to 103, but the bill—H.R. 1595—still must clear the Senate."
I'm confident it will clear the Senate. It'll also put and end to issues like that mentioned in podcast 24, when earlier this year RMHB experienced approximately a month long gap in payment processing services.
House of Representatives Approves Cannabis Banking Bill
"The SAFE Banking Act bars federal regulators from taking punitive measures against depository institutions that provide banking services to legitimate cannabis-related businesses and ancillary businesses, such as electricians and landlords who serve marijuana dispensaries. The legislation also includes language specific to hemp. The SAFE Banking Act passed the House by a vote of 321 to 103, but the bill—H.R. 1595—still must clear the Senate."
I'm confident it will clear the Senate. It'll also put and end to issues like that mentioned in podcast 24, when earlier this year RMHB experienced approximately a month long gap in payment processing services.
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