Cannabis banking prospects improve; scepticism and stigma remain
The SAFE Banking Act aims to protect banks that service the cannabis industry from being penalised by US federal legislators
Jamaica Observer (Jamaica)
Wednesday, April 10, 2019
Wednesday, April 10, 2019
The nascent medical cannabis business in Jamaica is challenged by limited access to banking facilities. Many of the major banks have asked clients engaged in legal medical cannabis businesses to close their accounts for fear of breaching federal laws in the USA. Further, despite provision in law for researchers to investigate and innovate, projects are being held until financial rules are settled. On top of this structural barrier, scepticism and stigma perfuse the system. (See also: Jamaican ganja is a US$250-million industry)
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