Jamaica joins global stock markets in bracing for impact of Cannabis Banking Bill

The JSE boss is of the view that the SAFE Banking Act would “result in the growth globally of the cannabis industry”
Jamaica Observer (Jamaica)
Friday, October 11, 2019

cannabis investingThe Jamaica Stock Exchange (JSE) has joined other stock markets across the globe in bracing for the impact of the Cannabis Banking Bill, which is currently before the US Congress. Having already been passed by the US House of Representatives on September 25, the SAFE Banking Act, which now goes to the Senate, where if it is passed would lift restrictions in the US on American banks doing business with cannabis companies. As a result of this move, securities exchanges in Jamaica and around the world are considering the implications for their own economic institutions. At present, foreign-based financial institutions with US banking relationships cannot freely work with legal cannabis businesses.