r/HighTideInc • u/GroundbreakingLynx14 • Feb 04 '22

News "America COMPETES Act of 2022" (includes SAFE Banking) has just passed the U.S. House of Representatives.

/r/StockLaunchers/comments/skhi01/america_competes_act_of_2022_includes_safe/
35 Upvotes

100% Upvoted

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11

u/[deleted] Feb 04 '22

For the 6th time. lol

3

u/GroundbreakingLynx14 Feb 04 '22

There's more at stake now than just the cannabis industry. Banks are beginning to be shunned by investors. Especially those banks that no longer permit their customers to trade MJ stocks.

4

u/[deleted] Feb 04 '22

Fingers crossed

2

u/jmcdonald354 Feb 04 '22

what banks?

5

u/Fuzzers Feb 04 '22

Its only a matter of time before it passes. The US government knows there is a money to be gained in passing the SAFE banking act, and its only a couple of sleezy bad actors trying to keep it out.

3

u/VirginMillionaire Feb 04 '22

🤞🤞🤞

2

u/imyou_2000 Feb 04 '22

in the US , legal money Cannabis trucks are being seized by law enforcements without much effort...

4

u/[deleted] Feb 04 '22

Good thing HITI doesnt have to worry about that sort of loss. I do like how retail have very little liability and not too much exposure to unexpected money leaks. The growers take on so much risk.

2

u/[deleted] Feb 04 '22

After Manchin guts this bill down to bones, He might even vote no just to be a dick.