The CLIMB ACT: A New Bipartisan Cannabis Banking Bill

A new bipartisan bill would allow state-legal marijuana businesses to become listed on national stock exchanges, as well as facilitating access to financial services. The Capital Lending and Investment for Marijuana Businesses (CLIMB) Act was introduced by Reps. Guy Reschenthaler (R-PA) and Troy Carter (D-LA). The legislation is similar in many respects to the Secure and Fair Enforcement (SAFE) Banking Act, insofar as it would protect financial institutions from federal ...

July 21, 2022|0 Comments

Business is booming in the cannabis space! In 2020, the licensed industry reached $18 billion in sales, with a 33% growth from the previous year. From stocks to follow and brands to watch to banking solutions on the horizon—we’ve got the latest on new growth in the industry with all the latest cannabis business news.