Shares of pot companies were trading higher on Thursday as the U.S. Senate Banking Committee prepares to discuss the SAFE Banking Act, a crucial legislation that would make it easier for the cannabis industry to access banking services.
BRADY COBB - CEO, SUNBURN CANNABIS & DC LOBBYIST
"This time feels different. With strong bipartisan support and committee leadership, coupled with the majority leader's recent pivot to a position of support, I expect the hearing to be favorable and for a mark up and floor vote to be scheduled in coming weeks.""SAFE Banking's bicameral nature this time around is an encouraging step forward compared to its past filings, but the outcome of hearing will provide much-needed context.
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