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2021-12-13

Nice

Visa Warns It Will Crack Down On Cannabis Retailers' Use Of Cashless ATM Payment 'Scheme'<blockquote>Visa警告称将打击大麻零售商使用无现金ATM支付“计划”</blockquote>

2021-11-22

Nice

Rivian Topped Ford and GM Combined. How the Old-School Car Makers Could Get a Boost From EVs.<blockquote>Rivian超过了福特和通用的总和。老式汽车制造商如何从电动汽车中获得推动。</blockquote>

2021-11-18

Nice

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2021-11-10

Ok

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2021-11-06

Strong job report but market did not close that fantastic to be honest. Hiking of rates might be near.

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22:23","market":"us","language":"en","title":"Visa Warns It Will Crack Down On Cannabis Retailers' Use Of Cashless ATM Payment 'Scheme'<blockquote>Visa警告称将打击大麻零售商使用无现金ATM支付“计划”</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1136475604","media":"Benzinga","summary":"The burgeoning recreational marijuana industry – illegal at the federal level and in some 18 U.S. st","content":"<p><div> The burgeoning recreational marijuana industry – illegal at the federal level and in some 18 U.S. states – has faced multiple challenges throughout the years, mostly because of the Schedule 1 status ...</p><p><blockquote><div>蓬勃发展的娱乐性大麻产业——在联邦层面和美国约18个州都是非法的——多年来面临着多重挑战，主要是因为附表1的地位...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/markets/cannabis/21/12/24568435/visa-warns-it-will-crack-down-on-cannabis-retailers-use-of-cashless-atm-payment-scheme\">网页链接</a>  </div> </p><p><blockquote><a 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}\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVisa Warns It Will Crack Down On Cannabis Retailers' Use Of Cashless ATM Payment 'Scheme'<blockquote>Visa警告称将打击大麻零售商使用无现金ATM支付“计划”</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Benzinga</strong><span class=\"h-time small\">2021-12-13 22:23</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> The burgeoning recreational marijuana industry – illegal at the federal level and in some 18 U.S. states – has faced multiple challenges throughout the years, mostly because of the Schedule 1 status ...</p><p><blockquote><div>蓬勃发展的娱乐性大麻产业——在联邦层面和美国约18个州都是非法的——多年来面临着多重挑战，主要是因为附表1的地位...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/markets/cannabis/21/12/24568435/visa-warns-it-will-crack-down-on-cannabis-retailers-use-of-cashless-atm-payment-scheme\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/markets/cannabis/21/12/24568435/visa-warns-it-will-crack-down-on-cannabis-retailers-use-of-cashless-atm-payment-scheme\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.benzinga.com/markets/cannabis/21/12/24568435/visa-warns-it-will-crack-down-on-cannabis-retailers-use-of-cashless-atm-payment-scheme\">Benzinga</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"V":"Visa"},"source_url":"https://www.benzinga.com/markets/cannabis/21/12/24568435/visa-warns-it-will-crack-down-on-cannabis-retailers-use-of-cashless-atm-payment-scheme","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1136475604","content_text":"The burgeoning recreational marijuana industry – illegal at the federal level and in some 18 U.S. states – has faced multiple challenges throughout the years, mostly because of the Schedule 1 status of the cannabis plant.\nThe biggest problem? Banking, of course.\nAs in life, retailers have had to find a way to work around the system. Some cannabis merchants have begun using cashless ATMs to bypass limitations on the types of sales payment cards they can legally accept.\nOne of the largest payment processors in the world, Visa Inc. (NYSE:V) recently issued a compliance memo to customers warning them that incorrectly coding point-of-sale transactions via cashless ATMs could be penalized or punished by unspecified enforcement procedure, reported Marijuana Moment.\nVisa’s warning comes on the heels of the marijuana banking reform bill that was recently chopped from Congress’ defense bill. The latest version of the Congressional defense bill left out several key provisions that were in the House-approved National Defense Authorization Act(NDAA), including the much-anticipated marijuana banking reform known as the Secure and Fair Enforcement (SAFE) Banking Act, which would protect banking and financial institutions that work with state-legal cannabis companies.\nAware Of A Scheme\nVisa’s memo from Dec. 2 obtained by Marijuana Moment revealed that the company is “aware of a scheme”in which retailers are utilizing cashless ATMs to avoid limitations on the types of sales for which payment cards are allowed to be used.\n“Cashless ATMs are POS devices driven by payment applications that mimic standalone ATMs. However, no cash disbursements are made to cardholders,” the memo clarified. “Instead, the devices are used for purchase transactions, which are miscoded as ATM cash disbursements. Purchase amounts are often rounded up to create the appearance of a cash disbursement.”\nAlthough the Visa directive does not specifically mention cannabis, it highlights that cashless ATMs (also called reverse ATMs) “are primarily marketed to merchant types that are unable to obtain payment services—whether due to the Visa Rules, the rules of other networks, or legal or regulatory prohibitions,” a category that covers marijuana businesses.\nNathaniel Gurien, CEO of Fincann,which provides financial services to cannabis businesses, estimates that thousands of marijuana retailers in the U.S. rely on this scheme.\nA Desperate Move With Catastrophic Potential\n“What keeps me up at night is that when, not if one or more eager assistant U.S. attorneys with their eye on advancement sinks their teeth into this, it has the catastrophic potential to derail our industry’s momentum and inflict great damage,” Gurien told the outlet.\nWhile it remains clear that marijuana retailers are in an untenable situation – having no access to banking services – they should be aware that relying on the use of cashless ATMs can endanger their operations.\nCorporate and banking compliance lawyer Kasim Carbide noted that violating Visa's regulations “may result in a disciplinary action against the Merchant, as well as a potential fine of $200,000 or $2,500 per day (which can be retroactively applied [sic] to and from the first day of noncompliance), and termination of the Merchant’s account.”\nWhat’s more, according to the Chicago Bar Association, miscoding cannabis sales is not only a violation of payment processors' (in this case Visa’s) policies but a “violation of federal law as well.”\nConfused Yet?\nTo exacerbate an already complicated situation, Jessica Billingsley, CEO of cannabis technology company Akerna (NASDAQ:KERN) pointed out that there are probably many businesses that are unaware that cashless ATM practice is illegal.\n“With the number of unique complexities and challenges the cannabis industry faces, many operators don’t understand that they have been sold misrepresented products that may not be legal,” Billingsley said in a statement. “The work of a few bad actors cannot undermine the important legal work the majority of ancillary providers have been doing.”\nMany cannabis advocates reacted to Visa's statement, arguing that such a large company should support marijuana retailers instead of placing obstacles in their paths.\n“It is unfortunate that Visa is unwilling to work with the cannabis industry, which is legal in dozens of states and represents billions of dollars in economic activity, at a time when this country needs all the financial options it can use,” said Morgan Fox, media relations director for the National Cannabis Industry Association. “But it is even worse that they are trying to discourage alternative solutions that are primarily utilized by small businesses to protect themselves and their customers from theft and violent crime.”","news_type":1,"symbols_score_info":{"V":0.9}},"isVote":1,"tweetType":1,"viewCount":2102,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":872551263,"gmtCreate":1637550629261,"gmtModify":1637550652850,"author":{"id":"4099089188693290","authorId":"4099089188693290","name":"5032a6e5","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4099089188693290","idStr":"4099089188693290"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/872551263","repostId":"1105163070","repostType":4,"repost":{"id":"1105163070","kind":"news","pubTimestamp":1637549873,"share":"https://www.laohu8.com/m/news/1105163070?lang=zh_CN&edition=full","pubTime":"2021-11-22 10:57","market":"us","language":"en","title":"Rivian Topped Ford and GM Combined. How the Old-School Car Makers Could Get a Boost From EVs.<blockquote>Rivian超过了福特和通用的总和。老式汽车制造商如何从电动汽车中获得推动。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1105163070","media":"Barrons","summary":"Old-school auto makers must envy the sky-high valuations of electric-vehicle start-ups. At one point","content":"<p> Old-school auto makers must envy the sky-high valuations of electric-vehicle start-ups. At one point this past week, Rivian Automotive was worth as much as&nbsp;Ford Motor&nbsp;and&nbsp;General Motors&nbsp;combined.</p><p><blockquote>老派汽车制造商一定羡慕电动汽车初创企业的天价估值。上周，Rivian汽车的市值一度相当于福特汽车和通用汽车的总和。</blockquote></p><p> But maybe there is a way for traditional auto makers to close that valuation gap: Take a page from Liberty Media’s John Malone’s playbook and issue tracking stocks. “The way to solve this is for GM and Ford to issue tracking stocks for their next-gen vehicle operations, such as EV, robo-taxi, etc.,” Scion Asset Management’s Michael Burry told <i>Barron’s</i> in an email exchange. “This is an absolute no-brainer.”</p><p><blockquote>但也许传统汽车制造商有一种方法可以缩小估值差距：借鉴Liberty Media的约翰·马龙(John Malone)的剧本，发行跟踪股票。Scion Asset Management的Michael Burry表示：“解决这个问题的方法是通用汽车和福特为其下一代汽车业务发行跟踪股票，例如电动汽车、机器人出租车等。”<i>巴伦周刊</i>在电子邮件交流中。“这绝对是显而易见的。”</blockquote></p><p> Burry is best known for a successful bet against the housing market ahead of the subprime mortgage collapse. He is a major character in Michael Lewis’s book <i>The Big Short</i>, and the movie based on it.</p><p><blockquote>伯里因在次贷崩溃之前成功押注房地产市场而闻名。他是迈克尔·刘易斯书中的主要人物<i>大空头</i>，以及根据它改编的电影。</blockquote></p><p> A tracking stock “tracks” the financial performance of a specific business unit. Shareholders of a tracking stock have a financial interest only in the division tracked, rather than in the entire business.</p><p><blockquote>跟踪股票“跟踪”特定业务部门的财务表现。跟踪股票的股东仅在被跟踪的部门中拥有财务利益，而不是在整个业务中。</blockquote></p><p> Burry’s idea builds on another, similar call from earlier in the week. On Wednesday, Data Trek Research’s Nick Colas, a former Wall Street auto analyst, wrote that Ford (F) and GM (GM) needed to spin out their EV businesses. “When it was just Tesla with a crazy valuation, they could afford to dismiss this [spinoff] idea. Now, with Rivian [RIVN], Lucid [LCID], etc., they can’t,” Colas wrote. “Automotive is a capital-intensive business, so cost of capital matters.”</p><p><blockquote>伯里的想法建立在本周早些时候另一个类似的看涨期权的基础上。周三，Data Trek Research的前华尔街汽车分析师尼克·科拉斯(Nick Colas)写道，福特(F)和通用汽车(GM)需要分拆其电动汽车业务。“当只有特斯拉的估值疯狂时，他们有能力放弃这个[分拆]想法。现在，有了Rivian[RIVN]、Lucid[LCID]等，他们就不能了，”Colas写道。“汽车是资本密集型行业，因此资本成本很重要。”</blockquote></p><p> Put it this way: Building a new EV plant that could produce, say, 500,000 EVs a year, along with the batteries to power them, costs several billion dollars. That‘s less than 1% of Tesla’s (TSLA) market cap, but roughly 5% to 10% of Ford’s or GM’s.</p><p><blockquote>这么说吧：建造一座新的电动汽车工厂，每年可以生产50万辆电动汽车，以及为它们提供动力的电池，需要花费数十亿美元。这不到特斯拉(TSLA)市值的1%，但约为福特或通用汽车的5%至10%。</blockquote></p><p> Not that Colas believes spinoffs will actually happen. Car makers are too complex, with many manufacturing plants doing several jobs for other factories in a network.</p><p><blockquote>科拉斯并不认为分拆真的会发生。汽车制造商过于复杂，许多制造工厂为网络中的其他工厂做几项工作。</blockquote></p><p> Tracking stocks, though, might be feasible.Liberty Media Formula One&nbsp;(FWONA), for instance, tracks the financial performance of the Formula One racing series. And General Motors did the first tracking stock ever, for Ross Perot’s Electronic Data Systems, or EDS, back in 1984.</p><p><blockquote>不过，跟踪股票可能是可行的。例如，自由媒体一级方程式(FWONA)跟踪一级方程式赛车系列赛的财务表现。早在1984年，通用汽车就为罗斯·佩罗(Ross Perot)的电子数据系统(EDS)进行了有史以来第一次跟踪股票。</blockquote></p><p> How to value a Ford or GM tracking stock? The possibilities are tantalizing.</p><p><blockquote>如何对福特或通用跟踪股票进行估值？可能性是诱人的。</blockquote></p><p> Ford, like Rivian, is launching an EV truck and it already sells the electric Mustang Mach E. Ford’s EV business should be about four times the size of Rivian’s by 2023, if the company hits its goals.</p><p><blockquote>与Rivian一样，福特正在推出一款电动卡车，并且已经销售了电动野马Mach E。如果该公司实现其目标，到2023年，福特的电动汽车业务规模应该是Rivian的四倍左右。</blockquote></p><p> As for GM, it’s essentially the second-largest U.S. EV maker behind Tesla. GM’s global EV volume is at about 300,000 units when factoring in sales from GM’s Chinese joint ventures. With Lucid worth almost as much as GM and planning to sell roughly just 20,000 units in 2022, GM’s EV company could be worth multiples of Lucid.</p><p><blockquote>至于通用汽车，它本质上是仅次于特斯拉的美国第二大电动汽车制造商。考虑到通用汽车中国合资企业的销量，通用汽车的全球电动汽车销量约为30万辆。由于Lucid的价值几乎与通用汽车一样高，并且计划在2022年仅销售约20,000辆汽车，通用汽车的电动汽车公司的价值可能是Lucid的数倍。</blockquote></p><p> If all electric-vehicle companies and EV tracking stocks were valued like some EV shares, auto industry valuation could easily top $4 trillion, roughly four times the value before Tesla went on its epic 2020 run.</p><p><blockquote>如果所有电动汽车公司和电动汽车跟踪股票的估值都像一些电动汽车股票一样，那么汽车行业的估值很容易超过4万亿美元，大约是特斯拉2020年史诗般上涨之前价值的四倍。</blockquote></p><p> That might be a bit aggressive.</p><p><blockquote>这可能有点咄咄逼人。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Rivian Topped Ford and GM Combined. How the Old-School Car Makers Could Get a Boost From EVs.<blockquote>Rivian超过了福特和通用的总和。老式汽车制造商如何从电动汽车中获得推动。</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRivian Topped Ford and GM Combined. How the Old-School Car Makers Could Get a Boost From EVs.<blockquote>Rivian超过了福特和通用的总和。老式汽车制造商如何从电动汽车中获得推动。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-11-22 10:57</span>\n</p>\n</h4>\n</header>\n<article>\n<p> Old-school auto makers must envy the sky-high valuations of electric-vehicle start-ups. At one point this past week, Rivian Automotive was worth as much as&nbsp;Ford Motor&nbsp;and&nbsp;General Motors&nbsp;combined.</p><p><blockquote>老派汽车制造商一定羡慕电动汽车初创企业的天价估值。上周，Rivian汽车的市值一度相当于福特汽车和通用汽车的总和。</blockquote></p><p> But maybe there is a way for traditional auto makers to close that valuation gap: Take a page from Liberty Media’s John Malone’s playbook and issue tracking stocks. “The way to solve this is for GM and Ford to issue tracking stocks for their next-gen vehicle operations, such as EV, robo-taxi, etc.,” Scion Asset Management’s Michael Burry told <i>Barron’s</i> in an email exchange. “This is an absolute no-brainer.”</p><p><blockquote>但也许传统汽车制造商有一种方法可以缩小估值差距：借鉴Liberty Media的约翰·马龙(John Malone)的剧本，发行跟踪股票。Scion Asset Management的Michael Burry表示：“解决这个问题的方法是通用汽车和福特为其下一代汽车业务发行跟踪股票，例如电动汽车、机器人出租车等。”<i>巴伦周刊</i>在电子邮件交流中。“这绝对是显而易见的。”</blockquote></p><p> Burry is best known for a successful bet against the housing market ahead of the subprime mortgage collapse. He is a major character in Michael Lewis’s book <i>The Big Short</i>, and the movie based on it.</p><p><blockquote>伯里因在次贷崩溃之前成功押注房地产市场而闻名。他是迈克尔·刘易斯书中的主要人物<i>大空头</i>，以及根据它改编的电影。</blockquote></p><p> A tracking stock “tracks” the financial performance of a specific business unit. Shareholders of a tracking stock have a financial interest only in the division tracked, rather than in the entire business.</p><p><blockquote>跟踪股票“跟踪”特定业务部门的财务表现。跟踪股票的股东仅在被跟踪的部门中拥有财务利益，而不是在整个业务中。</blockquote></p><p> Burry’s idea builds on another, similar call from earlier in the week. On Wednesday, Data Trek Research’s Nick Colas, a former Wall Street auto analyst, wrote that Ford (F) and GM (GM) needed to spin out their EV businesses. “When it was just Tesla with a crazy valuation, they could afford to dismiss this [spinoff] idea. Now, with Rivian [RIVN], Lucid [LCID], etc., they can’t,” Colas wrote. “Automotive is a capital-intensive business, so cost of capital matters.”</p><p><blockquote>伯里的想法建立在本周早些时候另一个类似的看涨期权的基础上。周三，Data Trek Research的前华尔街汽车分析师尼克·科拉斯(Nick Colas)写道，福特(F)和通用汽车(GM)需要分拆其电动汽车业务。“当只有特斯拉的估值疯狂时，他们有能力放弃这个[分拆]想法。现在，有了Rivian[RIVN]、Lucid[LCID]等，他们就不能了，”Colas写道。“汽车是资本密集型行业，因此资本成本很重要。”</blockquote></p><p> Put it this way: Building a new EV plant that could produce, say, 500,000 EVs a year, along with the batteries to power them, costs several billion dollars. That‘s less than 1% of Tesla’s (TSLA) market cap, but roughly 5% to 10% of Ford’s or GM’s.</p><p><blockquote>这么说吧：建造一座新的电动汽车工厂，每年可以生产50万辆电动汽车，以及为它们提供动力的电池，需要花费数十亿美元。这不到特斯拉(TSLA)市值的1%，但约为福特或通用汽车的5%至10%。</blockquote></p><p> Not that Colas believes spinoffs will actually happen. Car makers are too complex, with many manufacturing plants doing several jobs for other factories in a network.</p><p><blockquote>科拉斯并不认为分拆真的会发生。汽车制造商过于复杂，许多制造工厂为网络中的其他工厂做几项工作。</blockquote></p><p> Tracking stocks, though, might be feasible.Liberty Media Formula One&nbsp;(FWONA), for instance, tracks the financial performance of the Formula One racing series. And General Motors did the first tracking stock ever, for Ross Perot’s Electronic Data Systems, or EDS, back in 1984.</p><p><blockquote>不过，跟踪股票可能是可行的。例如，自由媒体一级方程式(FWONA)跟踪一级方程式赛车系列赛的财务表现。早在1984年，通用汽车就为罗斯·佩罗(Ross Perot)的电子数据系统(EDS)进行了有史以来第一次跟踪股票。</blockquote></p><p> How to value a Ford or GM tracking stock? The possibilities are tantalizing.</p><p><blockquote>如何对福特或通用跟踪股票进行估值？可能性是诱人的。</blockquote></p><p> Ford, like Rivian, is launching an EV truck and it already sells the electric Mustang Mach E. Ford’s EV business should be about four times the size of Rivian’s by 2023, if the company hits its goals.</p><p><blockquote>与Rivian一样，福特正在推出一款电动卡车，并且已经销售了电动野马Mach E。如果该公司实现其目标，到2023年，福特的电动汽车业务规模应该是Rivian的四倍左右。</blockquote></p><p> As for GM, it’s essentially the second-largest U.S. EV maker behind Tesla. GM’s global EV volume is at about 300,000 units when factoring in sales from GM’s Chinese joint ventures. With Lucid worth almost as much as GM and planning to sell roughly just 20,000 units in 2022, GM’s EV company could be worth multiples of Lucid.</p><p><blockquote>至于通用汽车，它本质上是仅次于特斯拉的美国第二大电动汽车制造商。考虑到通用汽车中国合资企业的销量，通用汽车的全球电动汽车销量约为30万辆。由于Lucid的价值几乎与通用汽车一样高，并且计划在2022年仅销售约20,000辆汽车，通用汽车的电动汽车公司的价值可能是Lucid的数倍。</blockquote></p><p> If all electric-vehicle companies and EV tracking stocks were valued like some EV shares, auto industry valuation could easily top $4 trillion, roughly four times the value before Tesla went on its epic 2020 run.</p><p><blockquote>如果所有电动汽车公司和电动汽车跟踪股票的估值都像一些电动汽车股票一样，那么汽车行业的估值很容易超过4万亿美元，大约是特斯拉2020年史诗般上涨之前价值的四倍。</blockquote></p><p> That might be a bit aggressive.</p><p><blockquote>这可能有点咄咄逼人。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/rivian-ford-gm-ev-51637373655?mod=hp_LATEST\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GM":"通用汽车","F":"福特汽车"},"source_url":"https://www.barrons.com/articles/rivian-ford-gm-ev-51637373655?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105163070","content_text":"Old-school auto makers must envy the sky-high valuations of electric-vehicle start-ups. At one point this past week, Rivian Automotive was worth as much as Ford Motor and General Motors combined.\nBut maybe there is a way for traditional auto makers to close that valuation gap: Take a page from Liberty Media’s John Malone’s playbook and issue tracking stocks. “The way to solve this is for GM and Ford to issue tracking stocks for their next-gen vehicle operations, such as EV, robo-taxi, etc.,” Scion Asset Management’s Michael Burry told Barron’s in an email exchange. “This is an absolute no-brainer.”\nBurry is best known for a successful bet against the housing market ahead of the subprime mortgage collapse. He is a major character in Michael Lewis’s book The Big Short, and the movie based on it.\nA tracking stock “tracks” the financial performance of a specific business unit. Shareholders of a tracking stock have a financial interest only in the division tracked, rather than in the entire business.\nBurry’s idea builds on another, similar call from earlier in the week. On Wednesday, Data Trek Research’s Nick Colas, a former Wall Street auto analyst, wrote that Ford (F) and GM (GM) needed to spin out their EV businesses. “When it was just Tesla with a crazy valuation, they could afford to dismiss this [spinoff] idea. Now, with Rivian [RIVN], Lucid [LCID], etc., they can’t,” Colas wrote. “Automotive is a capital-intensive business, so cost of capital matters.”\nPut it this way: Building a new EV plant that could produce, say, 500,000 EVs a year, along with the batteries to power them, costs several billion dollars. That‘s less than 1% of Tesla’s (TSLA) market cap, but roughly 5% to 10% of Ford’s or GM’s.\nNot that Colas believes spinoffs will actually happen. Car makers are too complex, with many manufacturing plants doing several jobs for other factories in a network.\nTracking stocks, though, might be feasible.Liberty Media Formula One (FWONA), for instance, tracks the financial performance of the Formula One racing series. And General Motors did the first tracking stock ever, for Ross Perot’s Electronic Data Systems, or EDS, back in 1984.\nHow to value a Ford or GM tracking stock? The possibilities are tantalizing.\nFord, like Rivian, is launching an EV truck and it already sells the electric Mustang Mach E. Ford’s EV business should be about four times the size of Rivian’s by 2023, if the company hits its goals.\nAs for GM, it’s essentially the second-largest U.S. EV maker behind Tesla. GM’s global EV volume is at about 300,000 units when factoring in sales from GM’s Chinese joint ventures. With Lucid worth almost as much as GM and planning to sell roughly just 20,000 units in 2022, GM’s EV company could be worth multiples of Lucid.\nIf all electric-vehicle companies and EV tracking stocks were valued like some EV shares, auto industry valuation could easily top $4 trillion, roughly four times the value before Tesla went on its epic 2020 run.\nThat might be a bit aggressive.","news_type":1,"symbols_score_info":{"GM":0.9,"F":0.9}},"isVote":1,"tweetType":1,"viewCount":1962,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":878641770,"gmtCreate":1637192943512,"gmtModify":1637192943512,"author":{"id":"4099089188693290","authorId":"4099089188693290","name":"5032a6e5","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4099089188693290","idStr":"4099089188693290"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/878641770","repostId":"2184547718","repostType":4,"isVote":1,"tweetType":1,"viewCount":2284,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":847624562,"gmtCreate":1636515719040,"gmtModify":1636515719113,"author":{"id":"4099089188693290","authorId":"4099089188693290","name":"5032a6e5","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4099089188693290","idStr":"4099089188693290"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/847624562","repostId":"1188205095","repostType":4,"isVote":1,"tweetType":1,"viewCount":2190,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":842587797,"gmtCreate":1636202577614,"gmtModify":1636202577693,"author":{"id":"4099089188693290","authorId":"4099089188693290","name":"5032a6e5","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4099089188693290","idStr":"4099089188693290"},"themes":[],"htmlText":"Strong job report but market did not close that fantastic to be honest. Hiking of rates might be near.&nbsp;","listText":"Strong job report but market did not close that fantastic to be honest. Hiking of rates might be near.&nbsp;","text":"Strong job report but market did not close that fantastic to be honest. Hiking of rates might be near.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/842587797","repostId":"1173813098","repostType":4,"isVote":1,"tweetType":1,"viewCount":2204,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":847624562,"gmtCreate":1636515719040,"gmtModify":1636515719113,"author":{"id":"4099089188693290","authorId":"4099089188693290","name":"5032a6e5","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4099089188693290","idStr":"4099089188693290"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/847624562","repostId":"1188205095","repostType":4,"isVote":1,"tweetType":1,"viewCount":2190,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":842587797,"gmtCreate":1636202577614,"gmtModify":1636202577693,"author":{"id":"4099089188693290","authorId":"4099089188693290","name":"5032a6e5","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4099089188693290","idStr":"4099089188693290"},"themes":[],"htmlText":"Strong job report but market did not close that fantastic to be honest. Hiking of rates might be near.&nbsp;","listText":"Strong job report but market did not close that fantastic to be honest. Hiking of rates might be near.&nbsp;","text":"Strong job report but market did not close that fantastic to be honest. Hiking of rates might be near.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/842587797","repostId":"1173813098","repostType":4,"isVote":1,"tweetType":1,"viewCount":2204,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":878641770,"gmtCreate":1637192943512,"gmtModify":1637192943512,"author":{"id":"4099089188693290","authorId":"4099089188693290","name":"5032a6e5","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4099089188693290","idStr":"4099089188693290"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/878641770","repostId":"2184547718","repostType":4,"isVote":1,"tweetType":1,"viewCount":2284,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":872551263,"gmtCreate":1637550629261,"gmtModify":1637550652850,"author":{"id":"4099089188693290","authorId":"4099089188693290","name":"5032a6e5","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4099089188693290","idStr":"4099089188693290"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/872551263","repostId":"1105163070","repostType":4,"isVote":1,"tweetType":1,"viewCount":1962,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":604221373,"gmtCreate":1639405491595,"gmtModify":1639405491764,"author":{"id":"4099089188693290","authorId":"4099089188693290","name":"5032a6e5","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4099089188693290","idStr":"4099089188693290"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/604221373","repostId":"1136475604","repostType":4,"repost":{"id":"1136475604","kind":"news","pubTimestamp":1639405387,"share":"https://www.laohu8.com/m/news/1136475604?lang=zh_CN&edition=full","pubTime":"2021-12-13 22:23","market":"us","language":"en","title":"Visa Warns It Will Crack Down On Cannabis Retailers' Use Of Cashless ATM Payment 'Scheme'<blockquote>Visa警告称将打击大麻零售商使用无现金ATM支付“计划”</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1136475604","media":"Benzinga","summary":"The burgeoning recreational marijuana industry – illegal at the federal level and in some 18 U.S. st","content":"<p><div> The burgeoning recreational marijuana industry – illegal at the federal level and in some 18 U.S. states – has faced multiple challenges throughout the years, mostly because of the Schedule 1 status ...</p><p><blockquote><div>蓬勃发展的娱乐性大麻产业——在联邦层面和美国约18个州都是非法的——多年来面临着多重挑战，主要是因为附表1的地位...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/markets/cannabis/21/12/24568435/visa-warns-it-will-crack-down-on-cannabis-retailers-use-of-cashless-atm-payment-scheme\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/markets/cannabis/21/12/24568435/visa-warns-it-will-crack-down-on-cannabis-retailers-use-of-cashless-atm-payment-scheme\">网页连接</a></blockquote></p><p></p>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Visa Warns It Will Crack Down On Cannabis Retailers' Use Of Cashless ATM Payment 'Scheme'<blockquote>Visa警告称将打击大麻零售商使用无现金ATM支付“计划”</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVisa Warns It Will Crack Down On Cannabis Retailers' Use Of Cashless ATM Payment 'Scheme'<blockquote>Visa警告称将打击大麻零售商使用无现金ATM支付“计划”</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Benzinga</strong><span class=\"h-time small\">2021-12-13 22:23</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> The burgeoning recreational marijuana industry – illegal at the federal level and in some 18 U.S. states – has faced multiple challenges throughout the years, mostly because of the Schedule 1 status ...</p><p><blockquote><div>蓬勃发展的娱乐性大麻产业——在联邦层面和美国约18个州都是非法的——多年来面临着多重挑战，主要是因为附表1的地位...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/markets/cannabis/21/12/24568435/visa-warns-it-will-crack-down-on-cannabis-retailers-use-of-cashless-atm-payment-scheme\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/markets/cannabis/21/12/24568435/visa-warns-it-will-crack-down-on-cannabis-retailers-use-of-cashless-atm-payment-scheme\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.benzinga.com/markets/cannabis/21/12/24568435/visa-warns-it-will-crack-down-on-cannabis-retailers-use-of-cashless-atm-payment-scheme\">Benzinga</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"V":"Visa"},"source_url":"https://www.benzinga.com/markets/cannabis/21/12/24568435/visa-warns-it-will-crack-down-on-cannabis-retailers-use-of-cashless-atm-payment-scheme","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1136475604","content_text":"The burgeoning recreational marijuana industry – illegal at the federal level and in some 18 U.S. states – has faced multiple challenges throughout the years, mostly because of the Schedule 1 status of the cannabis plant.\nThe biggest problem? Banking, of course.\nAs in life, retailers have had to find a way to work around the system. Some cannabis merchants have begun using cashless ATMs to bypass limitations on the types of sales payment cards they can legally accept.\nOne of the largest payment processors in the world, Visa Inc. (NYSE:V) recently issued a compliance memo to customers warning them that incorrectly coding point-of-sale transactions via cashless ATMs could be penalized or punished by unspecified enforcement procedure, reported Marijuana Moment.\nVisa’s warning comes on the heels of the marijuana banking reform bill that was recently chopped from Congress’ defense bill. The latest version of the Congressional defense bill left out several key provisions that were in the House-approved National Defense Authorization Act(NDAA), including the much-anticipated marijuana banking reform known as the Secure and Fair Enforcement (SAFE) Banking Act, which would protect banking and financial institutions that work with state-legal cannabis companies.\nAware Of A Scheme\nVisa’s memo from Dec. 2 obtained by Marijuana Moment revealed that the company is “aware of a scheme”in which retailers are utilizing cashless ATMs to avoid limitations on the types of sales for which payment cards are allowed to be used.\n“Cashless ATMs are POS devices driven by payment applications that mimic standalone ATMs. However, no cash disbursements are made to cardholders,” the memo clarified. “Instead, the devices are used for purchase transactions, which are miscoded as ATM cash disbursements. Purchase amounts are often rounded up to create the appearance of a cash disbursement.”\nAlthough the Visa directive does not specifically mention cannabis, it highlights that cashless ATMs (also called reverse ATMs) “are primarily marketed to merchant types that are unable to obtain payment services—whether due to the Visa Rules, the rules of other networks, or legal or regulatory prohibitions,” a category that covers marijuana businesses.\nNathaniel Gurien, CEO of Fincann,which provides financial services to cannabis businesses, estimates that thousands of marijuana retailers in the U.S. rely on this scheme.\nA Desperate Move With Catastrophic Potential\n“What keeps me up at night is that when, not if one or more eager assistant U.S. attorneys with their eye on advancement sinks their teeth into this, it has the catastrophic potential to derail our industry’s momentum and inflict great damage,” Gurien told the outlet.\nWhile it remains clear that marijuana retailers are in an untenable situation – having no access to banking services – they should be aware that relying on the use of cashless ATMs can endanger their operations.\nCorporate and banking compliance lawyer Kasim Carbide noted that violating Visa's regulations “may result in a disciplinary action against the Merchant, as well as a potential fine of $200,000 or $2,500 per day (which can be retroactively applied [sic] to and from the first day of noncompliance), and termination of the Merchant’s account.”\nWhat’s more, according to the Chicago Bar Association, miscoding cannabis sales is not only a violation of payment processors' (in this case Visa’s) policies but a “violation of federal law as well.”\nConfused Yet?\nTo exacerbate an already complicated situation, Jessica Billingsley, CEO of cannabis technology company Akerna (NASDAQ:KERN) pointed out that there are probably many businesses that are unaware that cashless ATM practice is illegal.\n“With the number of unique complexities and challenges the cannabis industry faces, many operators don’t understand that they have been sold misrepresented products that may not be legal,” Billingsley said in a statement. “The work of a few bad actors cannot undermine the important legal work the majority of ancillary providers have been doing.”\nMany cannabis advocates reacted to Visa's statement, arguing that such a large company should support marijuana retailers instead of placing obstacles in their paths.\n“It is unfortunate that Visa is unwilling to work with the cannabis industry, which is legal in dozens of states and represents billions of dollars in economic activity, at a time when this country needs all the financial options it can use,” said Morgan Fox, media relations director for the National Cannabis Industry Association. “But it is even worse that they are trying to discourage alternative solutions that are primarily utilized by small businesses to protect themselves and their customers from theft and violent crime.”","news_type":1,"symbols_score_info":{"V":0.9}},"isVote":1,"tweetType":1,"viewCount":2102,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}