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

Name: Banking Regulations Could Take 12 Months to Develop Once SAFE Banking is Passed
Uploaded: 2020-08-20
Channel: Shadd Dales
Description: 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.

By Shadd Dales On Aug 20, 2020

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.

Shadd Dales

Shadd Dales is the Founder and President of The Dales Report and has an extensive background in the business media industry.

His work translates into over 15 years in mainstream media that included roles with BNN Bloomberg, CTV Properties and the iHeart Radio Network.

Shadd is considered one of the leading on air talents in both the cannabis and psychedelic space and has interviewed some of the most notable CEO names in the industry.

Shadd’s vision is to establish a content platform that is equivalent to a mainstream broadcast produced in a format that is relevant for today’s investor.