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Erich Mauff, Co-Founder, Co-President and Board Member of Jushi Holdings Inc. Part #2 of Discussion with Shadd Dales, The Dales Report

Banking Regulations Could Take 12 Months to Develop Once SAFE Banking is Passed

Why will it take a long time for banks to get caught up to speed once the SAFE Banking Act is passed in Congress?

In Part #2 of our featured video with Jushi Co. President Erich Mauff, he explains why the cannabis banking system will not look that great in the beginning, and how it will take a year to develop. Mauff shares that banks like JP Morgan will have to do KYC’s on a lot of companies, with the potential of a bunch of them failing. He also believes that with a lot of companies being private, banks will having to do their due diligence which ultimately will be critical for the industry.

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*The views and opinions expressed are those of the writer and do not reflect the position of Jushi Holdings Inc. or its subsidiaries.