In today’s exclusive discussion, we have part 2 of our sit down with the CEO of Safe Harbor (NASDAQ: SHFS) Sundie Seefried. Did you miss out on the first part? You can find part 1 right here and tune in for a chat about the implications of Federal Legalization, why it’s so important to cannabis, and how credit card companies have a stake in the action.
Shad Dales and Anthony Varrell journey into several very important topics that intersect finance and banking. We’ll start by taking a look at the potential impact the SAFER Banking Act could have on racial wealth inequality. This discussion stems from Senator Reverend Warnock’s actions earlier this month. Warnock posed questions on whether or not SAFER Banking would help advance racial equity to Wall Street CEOs earlier this month. He was also the lone Democrat senator to vote no on the SAFER Banking markup due to concerns that it would leave the harms of the War on Drugs unaddressed. We’ll share our thoughts.
From there, we’ll examine a few of the challenges faced by the industry in navigating banking regulations including the reality that banks can potentially be penalized – or worse – just for dealing in cannabis. Sundie offers information into how the industry may engage with financial institutions. Sundie expresses some skepticism that SAFER will open the door to large national banks. Still, there are other banks who have started showing interest.
We discuss the global expansion of this market and the hurdles surrounding interstate commerce. There are intricacies of potential NASDAQ listings, dispelling misconceptions and revealing the pathway for future cannabis companies to go public.
How would rescheduling play a pivotal role in shaping the rapid growth and future prospects of the industry? Don’t miss part two of this conversation with Sundie Seefried of Safe Harbor where we’ll go into all this, and more.