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Cake day: Jul 01, 2023

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The SAFE banking act that was supposed to be voted on the senate floor this summer session would help transition into a free market for investment in cannabis. It’s been pushed till after the August recess, but apparently it has support on both sides (aside from amendments some politicians are trying to throw in).

If passed it would allow banks and other investment opportunities to invest in cannabis businesses, which would likely motivate Mastercard to allow purchases.