Banking Regulations Could Take 12 Months to Develop Once SAFE Banking is Passed

Why will it take a long time for banks to get caught up to speed once the SAFE Banking Act is passed in Congress?

In Part #2 of our featured video with Jushi Co. President Erich Mauff, he explains why the cannabis banking system will not look that great in the beginning, and how it will take a year to develop. 

Mauff shares that banks like JP Morgan will have to do KYC’s on a lot of companies, with the potential of a bunch of them failing. He also believes that with a lot of companies being private, banks will having to do their due diligence which ultimately will be critical for the industry. 

You might also like

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More