"Bipartisan Lawmakers Find 'Sweet Spot' For Marijuana Banking Bill, With Section Favored By GOP Kept 'Intact' For Committee Vote Next Week" - Marijuana Moment
Portfolio Pulse from Benzinga Newsdesk
Bipartisan lawmakers have reportedly found a 'sweet spot' in negotiations over a marijuana banking bill, agreeing to leave a section favored by Republicans intact. The Secure and Fair Enforcement (SAFE) Banking Act is set for a committee vote next week. The bill could have significant implications for the cannabis industry, potentially easing banking regulations and allowing for stock uplisting. The American Trade Association for Cannabis and Hemp (ATACH) and the American Bankers Association (ABA) have both called for the passage of the legislation.
September 19, 2023 | 3:29 pm
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The passage of the SAFE Banking Act could ease banking regulations for Aurora Cannabis, potentially improving its financial operations.
The SAFE Banking Act could ease banking regulations for cannabis companies like Aurora Cannabis, potentially improving their financial operations and making it easier for them to raise capital.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 70
POSITIVE IMPACT
The passage of the SAFE Banking Act could ease banking regulations for Canopy Growth Corporation, potentially improving its financial operations.
The SAFE Banking Act could ease banking regulations for cannabis companies like Canopy Growth Corporation, potentially improving their financial operations and making it easier for them to raise capital.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 70
POSITIVE IMPACT
The passage of the SAFE Banking Act could ease banking regulations for Tilray, potentially improving its financial operations.
The SAFE Banking Act could ease banking regulations for cannabis companies like Tilray, potentially improving their financial operations and making it easier for them to raise capital.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 70