Cannabis Banking Measure May Win Approval In Senate
Portfolio Pulse from Charles Gross
The Wall Street Journal reports that a cannabis banking measure may win approval in the Senate, according to NBC-TV. This could potentially impact the stocks of several cannabis-related companies and ETFs.
September 15, 2023 | 10:53 am
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POSITIVE IMPACT
Aurora Cannabis could be positively impacted by the potential approval of a cannabis banking measure in the Senate.
The approval of a cannabis banking measure could ease financial transactions for cannabis companies like Aurora Cannabis, potentially boosting its stock.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Cronos Group could see a positive impact from the potential approval of a cannabis banking measure in the Senate.
The potential approval of a cannabis banking measure could ease financial transactions for cannabis companies like Cronos Group, potentially boosting its stock.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
India Globalization Capital could be positively impacted by the potential approval of a cannabis banking measure in the Senate.
The approval of a cannabis banking measure could ease financial transactions for cannabis companies like India Globalization Capital, potentially boosting its stock.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Akerna Corp could see a positive impact from the potential approval of a cannabis banking measure in the Senate.
The potential approval of a cannabis banking measure could ease financial transactions for cannabis companies like Akerna Corp, potentially boosting its stock.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Leafly Holdings could be positively impacted by the potential approval of a cannabis banking measure in the Senate.
The approval of a cannabis banking measure could ease financial transactions for cannabis companies like Leafly Holdings, potentially boosting its stock.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
AdvisorShares Pure US Cannabis ETF could see a positive impact from the potential approval of a cannabis banking measure in the Senate.
The potential approval of a cannabis banking measure could ease financial transactions for cannabis companies, potentially boosting the value of the AdvisorShares Pure US Cannabis ETF.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
SPDR S&P 500 ETF Trust could see a minor impact from the potential approval of a cannabis banking measure in the Senate.
The potential approval of a cannabis banking measure could have a minor impact on the SPDR S&P 500 ETF Trust, as it includes a broad range of companies, some of which may be indirectly affected.
CONFIDENCE 65
IMPORTANCE 40
RELEVANCE 30
POSITIVE IMPACT
Tilray could be positively impacted by the potential approval of a cannabis banking measure in the Senate.
The approval of a cannabis banking measure could ease financial transactions for cannabis companies like Tilray, potentially boosting its stock.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70