Shares of several marijuana companies, including Aurora Cannabis Inc ACB, Canopy Growth Corp CGC, Cronos Group Inc CRON, Sundial Growers Inc SNDL and Tilray Inc TLRY, are trading lower again during Wednesday's session on downward momentum following a Marijuana Moment report suggesting the fate of marijuana banking reform is uncertain as disagreements over the related defense bill causes delays in its consideration.
So What Happened?
House lawmakers delayed coming to a long-awaited decision on whether to consider a series of cannabis reforms as part of a large-scale defense bill, citing disagreements over several key unresolved issues, reported Marijuana Moment. Meanwhile, the offices of several Republican senators met with the Department of Justice to discuss their concerns with pending cannabis banking reforms.
Additionally, the Department of Justice, issued a memo to congressional leaders regarding the SAFE Banking Act, indicating its concerns about the bill...Read More
See Also: Marijuana Banking Reform On Hold As House Lawmakers Disagree On Defense Bill Inclusion Option
Edge Rankings
Price Trend
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Cannabis is evolving – don’t get left behind!
Curious about what’s next for the industry and how to leverage California’s unique market?
Join top executives, policymakers, and investors at the Benzinga Cannabis Market Spotlight in Anaheim, CA, at the House of Blues on November 12. Dive deep into the latest strategies, investment trends, and brand insights that are shaping the future of cannabis!
Get your tickets now to secure your spot and avoid last-minute price hikes.