Bank of America has closed the account of a cannabis research company. The move is seen as an attempt to avoid any legal liability in the future.

The safe banking act 2021 is a bill that was passed by the United States Congress in December of 2018. This bill will change the way banks are regulated, and it will also affect how cannabis businesses can be run.

Bank-of-America-Closes-Cannabis-Research-Account

 

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The happy 4/20 meaning is a day that celebrates cannabis. It’s also the day that Bank of America closed their account for cannabis research.

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