Get Ready: This New 4:00PM Hemp Profile Could Rock Your World, Start Gathering Details Here
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Before we get into it, I just want to remind you to keep CTXR on your radar long-term. At this moment, yesterday's profile is trending green. Keep your eyes glued.
On December 3rd, the Federal Reserve, along with other federal agencies, issued a joint press release.
In it, it confirmed that businesses with hemp-related ties don't have to follow the same tight, banking rules of MJ businesses.
Here's what the release said:
"Because hemp is no longer a Schedule I controlled substance under the Controlled Substances Act, banks are not required to file a Suspicious Activity Report (SAR) on customers solely because they are engaged in the growth or cultivation of hemp in accordance with applicable laws and regulations."
For hemp related stocks, this could become a major stepping-off point towards a next big move.
To give you an idea of how strong hemp stocks can run, check out GW Pharmaceuticals (GWPH).
In 5 years, this is what the company was able to accomplish before this positive news: