2 Cannabis Stocks to Consider If the SAFE Banking Act Passes
Cannabis stocks, down for the past year, got a surprise jolt last week when talk of the SAFE Banking Act was revived in the U.S. as part of a bipartisan effort. The act has passed seven times in the House, but never in the Senate.
The Senate scheduled its first hearing for cannabis banking reform, thanks to efforts by Senators Jeff Merkley (D-Oregon) and Steve Daines (R-Montana).
One reason the act is important to U.S. cannabis companies is because they currently have to operate on an all-cash basis. This has become a security issue as dispensaries have been targeted for robberies. The act would also give cannabis companies more options for funding.
Source Fool.com
