'Schumer Touts Marijuana Banking Bill As Bipartisan Priority, And Republican Sponsor Is Optimistic As Long As Measure Isn't Expanded' -Marijuana Moment Report
Portfolio Pulse from Benzinga Newsdesk
Senate Majority Leader Chuck Schumer is promoting a marijuana banking bill as a bipartisan priority. The Republican sponsor of the bill is optimistic about its passage, provided the measure is not expanded.
June 27, 2023 | 6:32 pm
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POSITIVE IMPACT
The marijuana banking bill, if passed, could potentially benefit Aurora Cannabis by providing easier access to banking services.
The marijuana banking bill, if passed, would allow banks to provide services to marijuana-related businesses without fear of federal penalties. This could potentially benefit Aurora Cannabis by providing easier access to banking services, which could improve their operations and financial stability.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Canopy Growth Corporation could potentially benefit from the marijuana banking bill by gaining easier access to banking services.
The marijuana banking bill, if passed, would allow banks to provide services to marijuana-related businesses without fear of federal penalties. This could potentially benefit Canopy Growth Corporation by providing easier access to banking services, which could improve their operations and financial stability.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Tilray could potentially benefit from the marijuana banking bill by gaining easier access to banking services.
The marijuana banking bill, if passed, would allow banks to provide services to marijuana-related businesses without fear of federal penalties. This could potentially benefit Tilray by providing easier access to banking services, which could improve their operations and financial stability.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50