Cannabis Banking Reform Sparks Reactions From Advocates, Marijuana Retail Giants
Portfolio Pulse from Maureen Meehan
The Senate Banking Committee has voted to move a cannabis reform bill to the Senate floor, marking the first time Senate members have agreed to consider alleviating the banking access issue facing the cannabis industry. The bill has sufficient bipartisan support to pass through the broader Senate. The bill's progress is seen as a historic milestone for the cannabis industry. Boris Jordan, founder and chairman of Curaleaf Holdings, expressed confidence that the SAFER Banking bill will reach the Senate floor soon.
September 27, 2023 | 8:32 pm
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The progress of the cannabis reform bill in the Senate could have a positive impact on Curaleaf Holdings, as it could alleviate the banking access issue facing the cannabis industry.
The cannabis reform bill, if passed, would alleviate the banking access issue facing the cannabis industry. This could have a positive impact on Curaleaf Holdings, as it would make it easier for the company to access banking and financial services.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 70