CBD Unlimited Inc (OTCMKTS:EDXC) has praised the US House of Representatives for passing the SAFE (secure and fair enforcement) banking act 2019. Before passing of this act, the cannabis and hemp companies are forced to conduct the business in cash.
SAFE Banking Act permits secure payments
The new banking act has removed the barriers to operate only in cash. It offers a sustainable and secure method of transactions that allows the communities to track their transactions. Digital transactions are smart and valid.
Ed. Pelmutter, the rep, said only Congress could offer the financial institutions with the certainty needed to start the legal marijuana businesses. It reduces the risks for businesses, employees, and communities nationwide. The customers and the companies would benefit from the SAFE Banking Act 2019 on September 25, 2019.
A monumental day
Chief Executive Officer and Chairman of CBD Unlimited, Todd Davis said the passage of Act 2019, is a paradigm shift for the industries engaged in hemp and cannabis businesses and a monumental day. The company expects to focus on expanding opportunities.
The new banking act encourages the small and mass retail businesses that yearn to focus on the CBD market to work under safe banking practices. They will get assistance from national and regional banks in using proper and secure banking methods to conduct their businesses.
CBD Unlimited has recorded considerable achievement in sales and revenues following the enactment of Farm Act 2018. The new SAFE Banking Act 2019 helps the company with more options to conduct its business operations. It can distribute and sell CBD products across the nation.
To launch new products
CBD Unlimited would showcase the innovative products in Baltimore at Natural Products Expo East from September 11 to 14, 2019. It is the place where food developers, innovators, and entrepreneurs would improve awareness of the products to customers and learn from others. The Expo offers an excellent opportunity of CBD Unlimited to display its expertise and showcase the products.
Natural Products Inc would act as its distributor of natural products since
July 2019. The distributor would cater to the needs of customers who want high
performance and high standard products.
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