Member Info for Matador78

https://www.natlawreview.com/article/safe-banking-and-claim-acts-will-transform-cannabis-insurance-industry-here-s-what

Lending Protections
The SAFE Banking Act further prevents regulators from taking a corrective supervisory action on a loan made to a person or entity solely because the loan is affiliated with a cannabis-related business. Loans designed for leasing real estate and equipment to cannabis businesses are explicitly protected. The bill also prevents financial regulators from incentivizing banks not to offer services to accountholders solely because they are affiliated with a legitimate cannabis-related business.

New Federal Guidance Expected
If SAFE Banking passes, one should expect new federal guidelines for banks and other financial institutions about how to work lawfully with legal cannabis businesses. The bill directs the Secretary of the Treasury to ensure that new Financial Crimes Enforcement Network (FinCEN) guidance is consistent with the purpose and intent of the SAFE Banking Act.

Honest to god guys. Stop looking at businesses sporting ganja leaves and start looking at the guys writing the smallprint.

The SAFE Banking and CLAIM Acts Will Transform the Cannabis Insurance Industry – Here’s What to Expect
Monday, March 22, 2021
Like the opening bell on the trading floor of the Stock Exchange, the reintroduction in Congress last week of the long-awaited Secure and Fair Enforcement (SAFE) Banking Act and related Clarifying Law Around Insurance of Marijuana (CLAIM) Act was a call to action for carriers and insurance brokers across the country. Together, the bills create a legal safe harbor for providing financial and insurance services to cannabis-related businesses. If passed, these bills will be a game-changer for banks and insurance companies that wish to engage with plant-touching cannabis businesses and the multitudes of ancillary service providers that support the cannabis industry. Below, we describe how this pending legislation may impact the existing and future cannabis insurance industry and certain types of cannabis-related risks.

The Current U.S. Cannabis Insurance Market
There are upwards of 30 surplus lines carriers and several managing general underwriters that currently service the cannabis industry across many lines of coverage. There also is a small handful of admitted carriers that operate in California, and most recently in Arizona. The market capacity for property, commercial general liability, product liability and workers’ compensation coverage has expanded to the extent that it is now relatively easy for most licensed cannabis operators to find multiple coverage options. Those policies nevertheless remain more expensive than policies purchased by similarly situated companies in other markets. Other cannabis coverages have shown steady improvement, such as auto, pollution, indoor crop, crime and fidelity. Locating adequate excess insurance limits remains a problem for the larger cannabis verticals, though this, too, is steadily improving. Available and affordable options remain limited for the specialty coverages of directors and officers (D&O), errors and omissions (E&O) and cyber – those markets remain fragmented and unduly expensive.

That's the FCA holding its hands up and saying. We can do nothing, we are nothing, we dont stand for much. As you were AMGO

https://www.marijuanamoment.net/marijuana-banking-bill-reintroduced-in-senate-with-nearly-a-third-of-the-chamber-signed-on/

Ed's recently done a Q & A sessions mapping out the CBD legal landscape.

Cannabis EU Virtual event.

Usually an announcement follows this kind of thing...

https://www.congress.gov/bill/116th-congress/house-bill/1595/text

As soon as this is passed.

Whooosh.

No, it was meant as wrote. It's colloquial in my region for idiot.

Yes the dilution caused by YOOMA acquisition of Socati has us at 5.1%

Now go back and read the earlier boring posts regarding USA Cannabis banking and the "Safe Banking Act"

Something for the weekend sir?

a Sparkly new CBD based Novel Drink

Holland and Barrett made 1 million a week off Protein Powders alone last year.

We have exposure to lots of Holland and Barretts, Lots of Walgreens, lots of China, lots of Selfridges and lots of Online.

And some of you are impatient enough to sell for 8p

Mongs

https://www.newswire.ca/news-releases/yooma-wellness-inc-acquires-socati-corp-in-transaction-valued-at-us-25-000-000-841700474.html

Told you “FFWD”wouldnt buy them :p

The SAFE Banking Act provisions were included in the HEROES Act COVID-19 relief bill passed in the U.S. House in May 2020.[16] They were again included in a bill approved by the house 214–207 in October.[17][18] A push to include the SAFE Banking Act provisions in the end-of-year COVID-19 stimulus failed,

though hope remained it could pass in 2021 if reintroduced.[19]

Time to start looking more closely at the US

With the Biden Administration and a democratic congress likely ushering in more liberal policies, there may be significant rule changes coming to the CBD market. The FDA may also update CBD rules that could be hugely trans-formative for the industry. All this may have ‘Big Pharma’ looking at potential M&A or investment opportunities in CBD to hedge their bets.

This may all be happening sooner than we think… Recently Jazz Pharmaceuticals announced that they would be acquiring GW Pharmaceuticals, a UK-based CBD company, for roughly $7 Billion. Who knows what could be next?

The Democratic national agenda is expected to place a heavy emphasis on the legalization of cannabis and cannabis-derived products like CBD…

Many now expect monumental change in the American CBD market.

The impact would be twofold.

On the one hand, we could see a much, much wider pool of products on the market like CBD-infused foods, drinks, and dietary supplements.

On the other hand, the FDA is almost certain to tighten up its regulation of the sector, requiring compliance in areas like safety, quality and efficacy.

The selling isn't a reflection of FFWD worth. It's the result of a large holder having a paddy and selling and scaring the great unwashed who haven't done any reading.

Each to his own like but anything under 11 pence is a steal.

Load up while you can. I was right last time and I'm yet to be wrong on value.

My opinion is that ICB888 is on the button and offers a conservative best estimate for Leap Gaming.

The European cannabis industry is in play.

“We are in active discussions with multiple medical cannabis companies looking to IPO or dual-list in London. We are also seeing strong client demand to invest in quality, private medical cannabis companies, such as EMMAC and Northern Leaf.”

"EMMAC’s $388m sale to $14bn Curaleaf, the leading US cannabis multi-state operator, is a game-changer for the European cannabis market. We were delighted to advise on EMMAC’s oversubscribed £15m convertible loan note in December 2020.”

“We expect the inevitable federal legalisation of medical cannabis in the US to drive significant further M&A in the sector, including outbound to Europe."

https://www.newswire.ca/news-releases/yooma-brand-myo-plant-nutrition-launches-with-holland-amp-barrett-824838624.html

No one ever listens

You're dead right, one chap says he'll be buying into Portage today which will cause a mini uplift and then be sold down.

If I'm wrong then you can call me out on it tonight.

There are people waiting to exit Portage which is why they're shouting so loudly about it.

It's normal for FFWD when its quiet here it means people are building positions and selling off other assets like IRR, PALM and Portage Biotech.

He got to 13 Million because he said Cash which is 2.5 and 5 MIllion and CASH EQUIVALENTS