Bank Of America Calls Bitcoin ‘Impractical,’ And Crypto Community Has A Lot To Say About That – Yahoo Finance

Bank Of America Calls Bitcoin ‘Impractical,’ And Crypto Community Has A Lot To Say About That – Yahoo Finance

Benzinga

The Week In Cannabis: Banking, Insurance, NY, Earnings, Financings, M&A, And More

Major earnings reports, financings, M&A announcements and policy moves flooded the cannabis industry this week. A bipartisan marijuana insurance bill — The Clarifying Law Around Insurance of Marijuana (CLAIM) Act of 2021 — was introduced in Congress by New Jersey Senator Bob Menendez. The bill proposes enabling insurance coverage for cannabis and related businesses. House representatives also reintroduced the SAFE Banking Act on Thursday. If it passes, it would enable cannabis companies to utilize much-needed banking services. The act is supported by Democrats Ed Perlmutter and Nydia Velázquez, as well as Republicans Steve Stivers and Warren Davidson — with around 100 cosponsors. Reports out of New York suggested that a final deal for a bill to legalize recreational marijuana in the Empire State is imminent. Benzinga Cannabis content is now available in Spanish on El Planteo. In addition, we learned New York Governor Andrew Cuomo may have agreed upon two provisions of submitted legislation in regards to home growing and social equity funding. The effects of this decision could greatly affect the fate of a number of large and medium-sized multi-state operators, or MSOs, within the Empire State and New Jersey. Check out Cantor Fitzgerald’s report explaining why speedy marijuana reform in New York may crush New Jersey’s
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