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

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'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.

 

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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.
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