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

United States News News

Pot stocks rise after a key senate hearing on cannabis banking reform
United States Latest News,United States Headlines
  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

'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:

BusinessInsider /  🏆 729. in US

United States Latest News, United States Headlines

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

Nadler, Harris to introduce bill decriminalizing pot, expunge prior marijuana convictionsNadler, Harris to introduce bill decriminalizing pot, expunge prior marijuana convictionsCalled the Marijuana Opportunity Reinvestment and Expungement Act, the bill would remove marijuana from the Controlled Substances Act and require prior pot convictions to be expunged or re-sentenced.
Read more »

Kamala Harris and Jerry Nadler team on plan to decriminalize pot, expunge convictionsKamala Harris and Jerry Nadler team on plan to decriminalize pot, expunge convictionsSen. Kamala Harris will introduce legislation Tuesday that decriminalizes marijuana on the federal level, marking her boldest legislative step on the issue.
Read more »

One-Pot Pasta Primavera with ShrimpOne-Pot Pasta Primavera with ShrimpThis lightning-fast version of the classic pasta recipe calls for just the right amount of water that magically cooks down to create a silky sauce (no draining necessary!). Bright green vegetables, cherry tomatoes, and plump shrimp round out this springy meal that can be enjoyed all year round.
Read more »

California seizes $30 million in black market cannabis from illegal pot shopsCalifornia 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.
Read more »

Watch Senate hearing on cannabis banking reformWatch Senate hearing on cannabis banking reformLawmakers, industry representatives and advocates are testifying to the Senate committee about the challenges that cannabis companies face in states where medical or recreational marijuana is legal.
Read more »

Senate panel looks at easing cannabis laws that restrict the industry's access to mainstream banking servicesSenate 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.
Read more »



Render Time: 2025-04-10 17:56:05