Shares of cannabis stocks are trading higher amid hopes of the SAFE Banking Act having enough votes to pass in the Senate.
Portfolio Pulse from Benzinga Newsdesk
Cannabis stocks are trading higher due to optimism about the potential passage of the SAFE Banking Act in the Senate.
September 15, 2023 | 4:37 pm
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POSITIVE IMPACT
Aurora Cannabis (ACB) shares are trading higher due to potential passage of the SAFE Banking Act.
The potential passage of the SAFE Banking Act is expected to have a positive impact on cannabis companies like Aurora Cannabis (ACB) as it would allow banks to work with cannabis companies without fear of federal penalties.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Canopy Growth Corporation (CGC) shares are trading higher due to potential passage of the SAFE Banking Act.
The potential passage of the SAFE Banking Act is expected to have a positive impact on cannabis companies like Canopy Growth Corporation (CGC) as it would allow banks to work with cannabis companies without fear of federal penalties.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100