'U.S. Senate Committee Approves Bipartisan Marijuana Banking Bill, Sending It To The Floor' - Marijuana Moment
Portfolio Pulse from Benzinga Newsdesk
The U.S. Senate Banking Committee has approved the Secure and Fair Enforcement Regulation (SAFER) Banking Act, which aims to make it safer for legal cannabis businesses to operate. The bill, which has bipartisan support, will now move to the Senate floor for further consideration. The legislation is not seen as a step towards legalization, but rather a means to address the risks associated with the current all-cash model of legal cannabis businesses.
September 27, 2023 | 2:21 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
The approval of the SAFER Banking Act could potentially benefit Aurora Cannabis by providing safer banking options for the cannabis industry.
The approval of the SAFER Banking Act could potentially reduce the risks associated with the current all-cash model of legal cannabis businesses, which could benefit companies like Aurora Cannabis.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
The approval of the SAFER Banking Act could potentially benefit Canopy Growth Corporation by providing safer banking options for the cannabis industry.
The approval of the SAFER Banking Act could potentially reduce the risks associated with the current all-cash model of legal cannabis businesses, which could benefit companies like Canopy Growth Corporation.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
The approval of the SAFER Banking Act could potentially benefit Cronos Group by providing safer banking options for the cannabis industry.
The approval of the SAFER Banking Act could potentially reduce the risks associated with the current all-cash model of legal cannabis businesses, which could benefit companies like Cronos Group.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
The approval of the SAFER Banking Act could potentially benefit Tilray by providing safer banking options for the cannabis industry.
The approval of the SAFER Banking Act could potentially reduce the risks associated with the current all-cash model of legal cannabis businesses, which could benefit companies like Tilray.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75