LiveWire
Ergogenics (OTC: LVVV) is diligently watching the progress of the SAFE
Banking Act, which would permit banks and credit unions to offer financial
services to legal cannabis businesses once passed by the Senate. A recent
article discussing the company reads, “In December 2018 the U.S. Farm Bill was
passed, which de-scheduled hemp as a Schedule 1 drug, although the use, sale
and possession of cannabis with over 0.3 percent THC remains illegal under
Federal law. Despite that reclassification, most financial institutions
continue to avoid providing services to businesses operating in the cannabis
space. . . . The Secure and Fair Enforcement (SAFE) Banking Act of 2019,
HR19-1595, could change that. The bill was passed by the House of
Representatives in September and then sent to the Senate, where it was referred
to the Committee on Banking, Housing and Urban Affairs. According to the
official summary by the Congressional Research Service, the SAFE Banking Act
prohibits federal banking regulators from punishing a financial institution for
offering financial services to a legal marijuana-related business. . . .
Passage of the SAFE Banking Act in the Senate and signing of the bill by the
President will open access to broad financial services in the
multibillion-dollar marijuana industry (http://ibn.fm/yPloj) and would clearly give legal and
vertically integrated operators such as LiveWire a significant boost.”
To view the full article, visit http://ibn.fm/CygQJ
About LiveWire Ergogenics Inc.
LiveWire Ergogenics, Inc. (LVVV) specializes in identifying
and monetizing current and future trends in the human and veterinary health and
wellness industry. The company is focused on acquiring, managing and licensing
specialized “closed loop” turnkey cannabis real estate locations of fully
compliant and permitted turnkey facilities to produce cannabis-based products
and services in California and the state-wide distribution of these products.
This includes verification of zero pesticide products for quality brands via
its “7X Pure” Cannabis Verification System, the development, licensing and
distribution of legal and high-quality cannabinoid-based products and services
and the creation of the high-quality “Estrella Weedery” brand. LiveWire
Ergogenics does not produce, sell or distribute products that are in violation
of the United States Controlled Substance Act. For more information, visit the
company’s website at www.LiveWireErgogenics.com.
NOTE TO INVESTORS: The latest news and updates
relating to LVVV are available in the company’s newsroom at http://ibn.fm/LVVV
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