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Big Tech is finally warming to cannabis and the cannabis industry

VentureBeat · Paul Dunford · last updated
The tweet and the issueOn February 13, 2021, actor and cannabis farmer Jim Belushi posted on Twitter:“So sick of Facebook / Instagram. They followed up in September with a letter to Senators Schumer, Wyden, and Booker, expressing their support for the Cannabis Administration and Opportunity Act (still in draft form). Finally, they’ve put their money where their proverbial mouth is and have lobbied on Capitol Hill in support of federal marijuana reform. 3617) and the Cannabis Administration & Opportunity Act (draft form – no bill numbers).”Why is this important? State-legal marijuana isn’t going away soon, and big tech’s embrace of the industry should provide financial institutions with evidence — and some reassurance — of that.
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