Pot firms climb as cannabis banking bill heads to Senate panel

Cresco Labs

11/05/2023 15:19

** Shares of pot companies climb as the U.S. Senate Banking
Committee prepares to discuss the Secure and Fair Enforcement
(SAFE) Banking Act
    ** Shares of Cresco Labs Inc  CL.CD , Canopy Growth Corp
 WEED.TO , Hexo Corp  HEXO.TO , Aurora Cannabis Inc  ACB.TO ,
SNDL Inc  SNDL.O  and Goodness Growth Holdings Inc  GDNS.CD 
climb between 1.5% and 8.6%
    ** The legislation would make it easier for the cannabis
industry to access banking services
    ** Most U.S. banks do not service cannabis companies as
marijuana, classified as a Schedule 1 drug, remains federally
illegal despite several states legalizing its medicinal and
recreational use 

 (Reporting by Arunima Kumar in Bengaluru)
 ((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94))