News Formal

Pot stocks rise after a key senate hearing on cannabis banking reform

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

'What matters most is Senate Banking Chairman Mike Crapo,' wrote Jaret Seiberg of Cowen in a note Tuesday.

This morning, a key senate hearing on cannabis banking reform took place in Washington DC. Cannabis stocks such as Tilray, Canopy Growth, and Aurora gained after the hearing. The opinion of Senate Banking Chairman Mike Crapo will make or break efforts to move the Secure And Fair Enforcement Act forward. It would allow banks and financial institutions to work with cannabis companies legally. Read more on Markets Insider.

This morning, a key senate hearing on cannabis banking reform took place in Washington DC. Cannabis stocks such as Tilray, Canopy Growth, and Aurora gained after the hearing. The opinion of Senate Banking Chairman Mike Crapo will make or break efforts to move the Secure And Fair Enforcement Act forward. It would allow banks and financial institutions to work with cannabis companies legally. Read more on Markets Insider.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Weed of change is coming, tobacco is dead

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

California seizes $30 million in black market cannabis from illegal pot shopsCalifornia authorities have tripled the number of raids on unlicensed cannabis shops in the last year and seized $30 million in pot products, but legal industry leaders say enforcement is still inadequate to break the dominance of the black market. Go catch real criminals pls 🙄 I mean, wholesale price for a pound of weed on the futures market now is $500. So as long as dispensaries in CA charge $50/3.5g, the black market will thrive. Oregon dispensaries charge $125/28.5g, and do so quite profitably. Time to put in a VICTORY GARDEN.
Source: latimes - 🏆 11. / 82 Read more »

Senate panel looks at easing cannabis laws that restrict the industry's access to mainstream banking servicesU.S. lawmakers are looking at easing restrictions on cannabis laws that restrict the industry's access to mainstream banking services at a Senate hearing Tuesday — as momentum to reform federal marijuana laws builds in Congress.
Source: CNBC - 🏆 12. / 72 Read more »