Senate Banking Committee Confirms: No Vote On Cannabis Banking Bill Next Week
Portfolio Pulse from Maureen Meehan
The Senate Banking Committee has confirmed that the cannabis banking bill will not be voted on next week, despite previous indications. The Secure and Fair Enforcement (SAFE) Banking Act is still expected to move forward, but the timeline remains uncertain. Meanwhile, cannabis stocks like Canopy Growth, Curaleaf Holdings, Tilray Brands, Cresco Labs, Green Thumb Industries, and Trulieve rallied following the news.
September 12, 2023 | 1:33 am
News sentiment analysis
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POSITIVE IMPACT
Canopy Growth's stock rallied following the news about the delay in the cannabis banking bill vote.
The delay in the cannabis banking bill vote has created uncertainty, but investors seem to be optimistic about the future of the cannabis industry, leading to a rally in Canopy Growth's stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Cresco Labs' stock rallied following the news about the delay in the cannabis banking bill vote.
The delay in the cannabis banking bill vote has created uncertainty, but investors seem to be optimistic about the future of the cannabis industry, leading to a rally in Cresco Labs' stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Curaleaf Holdings' stock rallied following the news about the delay in the cannabis banking bill vote.
The delay in the cannabis banking bill vote has created uncertainty, but investors seem to be optimistic about the future of the cannabis industry, leading to a rally in Curaleaf Holdings' stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Green Thumb Industries' stock rallied following the news about the delay in the cannabis banking bill vote.
The delay in the cannabis banking bill vote has created uncertainty, but investors seem to be optimistic about the future of the cannabis industry, leading to a rally in Green Thumb Industries' stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Trulieve's stock rallied following the news about the delay in the cannabis banking bill vote.
The delay in the cannabis banking bill vote has created uncertainty, but investors seem to be optimistic about the future of the cannabis industry, leading to a rally in Trulieve's stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Tilray Brands' stock rallied following the news about the delay in the cannabis banking bill vote.
The delay in the cannabis banking bill vote has created uncertainty, but investors seem to be optimistic about the future of the cannabis industry, leading to a rally in Tilray Brands' stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80