NetworkNewsBreaks – FinCanna Capital Corp. (CSE:
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Posted On: 03/29/2019 4:38:52 PM
NetworkNewsBreaks – FinCanna Capital Corp. (CSE: CALI) (OTCQB: FNNZF) Issues Commentary on Congressional Committee Approval of Cannabis Banking Bill
Royalty company serving the U.S. licensed medical cannabis industry FinCanna Capital Corp. (CSE: CALI) (OTCQB: FNNZF) today provided commentary on the announcement of The Secure and Fair Enforcement (SAFE) Banking Act (H.R. 1595). On March 28, 2019, the bill was approved by the House Financial Services Committee, and it will now advance to the House floor for deliberation by the full legislative assembly. If passed, the bill will allow financial institutions to legally provide services to cannabis-related businesses operating in compliance with state laws. “This bill represents an important development in the continuing evolution of the industry,” FinCanna Capital CEO Andriyko Herchak stated in the news release. “As an investor in several rapidly emerging companies we know that access to banking services will significantly reduce transaction costs and increase the growth potential for businesses across the sector. Importantly, it also supports both safety and transparency for industry participants in what has been historically a cash-only enterprise.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Royalty company serving the U.S. licensed medical cannabis industry FinCanna Capital Corp. (CSE: CALI) (OTCQB: FNNZF) today provided commentary on the announcement of The Secure and Fair Enforcement (SAFE) Banking Act (H.R. 1595). On March 28, 2019, the bill was approved by the House Financial Services Committee, and it will now advance to the House floor for deliberation by the full legislative assembly. If passed, the bill will allow financial institutions to legally provide services to cannabis-related businesses operating in compliance with state laws. “This bill represents an important development in the continuing evolution of the industry,” FinCanna Capital CEO Andriyko Herchak stated in the news release. “As an investor in several rapidly emerging companies we know that access to banking services will significantly reduce transaction costs and increase the growth potential for businesses across the sector. Importantly, it also supports both safety and transparency for industry participants in what has been historically a cash-only enterprise.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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