GMEXFutures

Senate bill S 1726 and House of Representative bill HR 2076 are typical of efforts being promoted to provide banking services for marijuana businesses.

Efforts to pass legislation to allow for normal banking services for marijuana business owners; from simple deposits to financial products for expanding business, such as loans.

GMEXFutures is a project to create the first global marijuana futures exchange. Futures trading is used in wheat, corn and other non-agricultural instruments such as bonds and stocks to hedge financial risk.

Marijuana futures trading refers to a financial exchange as a tool to hedging and managing price risk of marijuana. Marijuanafutures is another hashtag.

There is a real need for a tool to hedge prices in marijuana. The market in marijuana could very well become inundated with supply which will drive the price down. Also, high volatility, i.e., sudden spikes and collapse of price, can damage the viability of many businesses. Futures trading is a tool employed by many large and small, enterprises to manage risk, ensure longer term viability and demonstrate sound financial planning.

Marijuana traded on a futures exchange, like corn or wheat. A normal hedging tool to help marijuana cultivators and buyers.