Cannabis firms rise as US Senate committee votes to advance amended banking bill

Curaleaf Holdings

27/09/2023 15:49

** Pot firms rise as U.S. Senate committee voted to advance
a marijuana banking bill, raising hopes for the cash-dependent
cannabis sector to get access to regular banking services
    ** Cannabis firms Canopy Growth  WEED.TO , Cronos Group 
 CRON.TO , Aurora Cannabis  ACB.TO  and Tilray Brands  TLRY.O 
up between 1.6% and 3.5%
    ** Canadian firms Cresco Labs  CL.CD , Curaleaf Holdings
 CURA.CD  and Trulieve Cannabis  TRUL.CD  up between 4.2% and
7.3%
    ** The Secure and Fair Enforcement Regulation Banking Act
(SAFER) was introduced by a bipartisan group of senators last
week
    ** The bill will now move to the Senate floor

 (Reporting by Tanay Dhumal in Bengaluru)
 ((Tanay.Dhumal@thomsonreuters.com; 
Twitter: https://twitter.com/TanayDhumal))