BNY Mellon’s cannabis-limiting move highlights inconsistencies in banking but could help in the long run, sources say

MJBizDaily
By Nick ThomasOct 18, 2019, 2:43 pm267 pts
Just as potential marijuana banking progress appears on the horizon at the federal level due to the U.S. House of Representatives’ passage of the SAFE Banking Act, one major bank has stopped clearing a significant chunk of cannabis-related trades. The move by New York-based BNY Mellon’s Pershing unit…

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