EXCLUSIVE: What's Next For Cannabis? Industry Experts Discuss Game-Changing New Policies
Portfolio Pulse from Jelena Martinovic
The Senate Banking Committee has approved the Secure and Fair Enforcement Regulation (SAFER) Banking Act, a significant step towards cannabis reform. This regulatory milestone would allow legal cannabis businesses to access banks and financial institutions. The panel discussion at the Benzinga Cannabis Capital Conference included representatives from Poseidon Investment Management, AdvisorShares, Entourage Effect Capital, and Eminence Capital. The panelists discussed the potential for increased investment in the cannabis sector and the expected consolidation of the industry.
September 27, 2023 | 8:08 pm
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NEUTRAL IMPACT
The Psychedelics ETF (PSIL) may not be directly impacted by the approval of the SAFER Banking Act, as it is not specifically focused on the cannabis sector.
While the approval of the SAFER Banking Act is a significant development for the cannabis sector, it may not directly impact PSIL as this ETF is not specifically focused on the cannabis sector.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
The approval of the SAFER Banking Act could lead to increased investment in the cannabis sector, potentially benefiting the Pure US Cannabis ETF (MSOS).
The approval of the SAFER Banking Act could lead to increased investment in the cannabis sector. As MSOS is a cannabis-focused ETF, it could potentially benefit from this increased investment.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The Vice ETF (VICE) could potentially benefit from the approval of the SAFER Banking Act, as it could lead to increased investment in the cannabis sector, which falls under the 'vice' category.
The approval of the SAFER Banking Act could lead to increased investment in the cannabis sector. As VICE is an ETF focused on 'vice' industries, which includes cannabis, it could potentially benefit from this increased investment.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
The Pure Cannabis ETF (YOLO) could potentially benefit from the approval of the SAFER Banking Act, which could lead to increased investment in the cannabis sector.
The approval of the SAFER Banking Act could lead to increased investment in the cannabis sector. As YOLO is a cannabis-focused ETF, it could potentially benefit from this increased investment.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80