 Financial analysts spend a lot of time doing extensive research on industries and companies that affect their customers investments.
An analyst at one of the largest financial services firm, Pablo Zuanic of Cantor Fitzgerald, has weighed in on his opinion of the cannabis industry. Zuanic believes that because the cannabis industry still cannot access banking services, that will leave many companies in dire financial straits, which will render them vulnerable to being acquired by larger and stronger cannabis companies, like multi-state operators. Zuanic didn’t give his opinion on the possibility of the cannabis industry being able to access banking services. At this time, banking reform is still a big question mark. There are some legislatures, such as Senator Cory Booker, who do think that the SAFE Banking Act still has a chance to be passed this year., after the November elections. ime will tell! Comments are closed.
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