The SAFE Banking Act just passed the House Finance Committee. Once this bill becomes law, it’s going to change everything – and create a fortune in the process.

Bipartisan votes are hard to come by in Washington these days.

But realizing that cannabis legalization is an unstoppable force, the U.S. House Committee on Financial Services overwhelmingly approved H.R. 1595 in a 45-15 vote. Better known as the Secure and Fair Enforcement Banking Act, or SAFE Banking Act for short, this bill has major implications for the entire cannabis industry.

In fact, I knew that banking access would eventually open up to cannabis firms, which is why I wanted to get you ahead of the curve and introduce all of our members to a cannabis banking play before things really take off.

The bill will now head to the House floor, marking the first time in history a piece of federal cannabis reform legislation has reached this level.

And with an astounding 152 cosponsors, the SAFE Banking Act seems likely to move on to the Senate in short order.

To be frank, the passage of this bill would be a complete game changer for the industry, making it easier than ever before for cannabis entrepreneurs to access capital to build and expand their businesses.

And before this bill passes, I want to make sure you are in the best position possible to make a fortune from these massive legislative changes…

Getting Cash Off the Streets

The stated purpose of the SAFE Banking Act is “to increase public safety by expanding financial services to cannabis-related legitimate businesses and service providers and reducing the amount of cash at such businesses.”

This action is overdue. Concerns about the lingering federal prohibition of marijuana have kept most banks and other financial institutions away from any companies in the cannabis sector. While some banks have been brave enough to take on this kind of business, the vast majority have kept their hands clean.

It’s hard to blame them, really. If the money they handle comes from a federally illegal trade, banks run the risk of being accused of money laundering – regardless of whether the state in which the banks and cannabis-related businesses operate has chosen to legalize the substance.

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At worst, this leads to large amounts of cash on hand, making marijuana businesses prime targets for robberies.

Rep. Ed Pelmutter (D-CO) introduced the bill. “Thousands of employees, businesses, and communities across this country… have been put at risk because they have been forced to deal in piles of cash,” he said in a statement. “The SAFE Banking Act is focused solely on taking cash off the streets and making our communities safer.”

Safety may be the sole focus of the act, but if this bill does become law, it will have far grander implications for the entire industry.

Access to Capital

Currently, the vast majority of banks and major financial institutions do not lend money to companies in the cannabis industry.

By removing any fear of federal intervention, the SAFE Banking Act would not only allow cannabis companies to put their cash in banks, but also access cash from those same banks.

As legendary investor Danny Moses, of The Big Short fame, said: “If you were to get debt to come in, the cost of capital would go down dramatically for these companies.” Where the housing market was under-regulated and over-leveraged ahead of the 2008 financial crisis, he said, the cannabis markets today are over-regulated and under-leveraged.

Moses was also quick to point out that while “shorts can only go to zero – longs can go to infinity.” That’s why he called cannabis “The Big Long.”

In other words, the industry is on the verge of an explosion, and the passage of the SAFE Banking Act would light the fuse.

And now, even before the SAFE Banking Act hits the floor, there are rumblings for something even bigger. Earlier this week, Rep. Jim McGovern (D-MA), Chairman of the U.S. House Committee on Rules, said he expects the chamber to vote on an end to federal cannabis prohibition “in a relatively short time, within the next several weeks.”

I’ll be back next week to talk about what that bill could look like, and why it would have a very good chance of strong bipartisan support.

The political landscape is changing at a rapid clip. The National Institute for Cannabis Investors is here to help you navigate it – and to show you how to make a fortune along the way.

Greg Miller
Executive Director, National Institute for Cannabis Investors

P.S. When you’re playing the marijuana market for huge gains, you have two choices… you could quickly get in and out of IPOs, potentially doubling or tripling your money in a matter of days or weeks… or you could invest for a few months and go for the potential 1,000% gains that are possible in this new market. The choice is yours. But you have to hurry. Just click here to learn more.


Comments

18 responses to “SAFE Banking Will Mean Huge Returns”

  1. Hello,
    What can I do as a very small beginning investor to capitalize from this amazing cannabis IPO goldmine? The only monies I have is not enough to be an insider member, AND investing in any of these IPOs. Is there an investment strategy for people like me?

    • Suggest you get the Yahoo Financial App (it’s free) and start researching some of the top pot stocks. Such as Canopy, Aphria, Organigram, Aleafia….
      Google marijuana IPO and see what you learn.
      It won’t be the amazing stuff that Greg and company dispense (they really do a great job).
      Good luck!!

  2. Right now i currently only have enough captial to purchase a few more shares in cannabis companies in the NICI Portfolio. Cannabis sector will explode when banking for cannabis businesses happens and federal law changes for marijuana.

  3. This is for Rene Cottonreader and everybody else that is wondering how to get in on this. You have to open a brokerage account. Tdameritrade, Fidelity., Vanguard are just some of many fine brokerages. Then join NICI and start buying stocks they recommend. However..First…I recommend you do some studying on stock markets and trading Also research the companies…they all have websites…before you invest. There is a LOT of money to be made

  4. After sitting on a stagnating stock portfolio for years, we started investing in CBD stocks beginning of this year with the help of NICI. So far this year, our portfolio value has increased by 43%! Thank you, NICI!!!

  5. I have read in other NICI investors posts on this site that E Trade and TD Ameritrade don’t charge a “foreign fee” when buying your Canadian, etc foreign stocks, which many of the MJ stocks recommended by NICI are Canadian. I have used Fidelity for over 15 years and find them very helpful and they do carry all the foreign stocks but they do also charge a $50.00 foreign exchange fee (when you buy AND when you sell your foreign stocks).

  6. The Safe Banking Act will put cannabis on the same footing as any other
    business. One can get EXTRA money for short term investing, such as during an IPO. Or for long term investments, especially those that pay
    dividends!! It is the necessary breath of life for a cannabis business. Even more so for growth.
    Carl Sobolewski

  7. Only a matter of time and when it starts with the Safe Banking Act, it want stop. I appreciate the opportunity to be a part, thanks to you guys

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