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Posted On: 10/31/2019 11:51:18 AM
Post# of 2219
We also already know that California banking legislation got punted to 2020 and will be a top priority. Once we got banks involved, things really start evolving for the mj industry.
SIGO leadership deserves recognition for getting all their licenses in a tough regulatory space. Getting the licenses is the hardest part of all this. The market will soon (starting to) realize the growing value of the licenses. Easier for entrepreneurs to raise large amounts of capital if they know they can just pay a premium for the licenses, but avoid all the risk of not getting them. BANKS love the idea of low risk, too. So, as banking rises, so does the value of the licenses.
SIGO leadership deserves recognition for getting all their licenses in a tough regulatory space. Getting the licenses is the hardest part of all this. The market will soon (starting to) realize the growing value of the licenses. Easier for entrepreneurs to raise large amounts of capital if they know they can just pay a premium for the licenses, but avoid all the risk of not getting them. BANKS love the idea of low risk, too. So, as banking rises, so does the value of the licenses.
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