SAFE Banking Act Archives - Page 2 of 2

3 minute read

EXCLUSIVE: Descheduling/Rescheduling Cannabis: Will It Be An Expeditious Path To 280E Relief? ‘This Is The One Moment To Do It’

April 12, 7:27 PM

On Wednesday, a panel of experts at the Benzinga Cannabis Capital Conference discussed the issue of the IRS code 280E, which prohibits the marijuana industry from taking federal deductions.

CCHWF

3 minute read

Wall Street Analyst-Led Research Firm Gives Up On Cannabis, Here’s Why

By Jelena Martinovic

March 2, 11:50 AM

Cowen Group has discontinued coverage of the cannabis sector following its acquisition by TD Bank Group (TSX: TD) (NYSE: TD) on Wednes

2 minute read

Sit Tight And Hang On To Your Cannabis Stocks, Analyst Talks Momentum & Who Will Come Out On Top

By Joana Scopel

January 4, 4:50 PM

Cantor Fitzgerald's Pablo Zuanic says the U.S. cannabis industry has great value but is in a tight and defined investable pool.

CGC

2 minute read

Another Financial Giant Will Stop Supporting Cannabis Stocks

By Jelena Martinovic

December 13, 1:33 PM

Starting January 2023, Euroclear will reportedly no longer support trades of cannabis stocks. One of the world's largest financial clearing houses collaborating with the majority of the 50 largest banks worldwide, informed investors about its decision last week, reported BusinessCann.

CGC

3 minute read

SAFE Still Has A Chance, Despite McConnell’s ‘No To Cannabis Reform’: Here’s Why

By Joana Scopel

December 7, 4:13 PM

“Here we are, us financial analysts trying to read the tea leaves and subliminal messages of powerful politicians (think of this more as an opinion piece),” said Cantor Fitzgerald's Pablo Zuanic after Senate Minority Leader Mitch McConnell (R-KY) called on Senate Majority Leader Charles Schumer (D-N.Y.) and Speaker Nancy

CGC

2 minute read

Marijuana Banking Reform On Hold As House Lawmakers Disagree On Defense Bill Inclusion Option

By Maureen Meehan

December 5, 6:18 PM

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 Marijua

TLRY

3 minute read

Mostly Tricks, Few Treats For Pot Stocks in 2022

By Andrew Ward

October 30, 8:58 PM

Halloween is prime spooky season, but for most investors, all of 2022 has been quite scary. Stocks across the board have taken substantial hits this year, with cannabis particularly affected. Cannabis' surging pandemic performances have been dashed mostly. Now, Fed uncertainty looms while profitability continues to elude most operators, from MSOs to the ancillary market.

ACB

2 minute read

Lobbyists Double Down Prior To Midterms: Will SAFE Banking For Cannabis Companies Benefit?

By Nicolas Jose Rodriguez

September 17, 6:25 PM

Members of the National Cannabis Industry Association (NCIA), the oldest and largest trade association serving the industry, spent two days lobbying on behalf of the SAFE Banking Act, which would provide cannabis companies access to traditional banking services,

HITI

4 minute read

Volatility Of Cannabis Stocks: Schumer’s Bill Was A ‘Hail Mary’, But Industry Has Other Catalysts – Experts Explain

By Nina Zdinjak

August 1, 12:03 PM

This was a very challenging year for pot stocks. Year-to-date, AdvisorShares Pure US Cannabis ETF (ARCA:MSOS) dropped 54.01%, AdvisorShares Pure Cannabis ETF (ARCA:YOLO) declined 57.46%, compared to SPDR S&P 500 (ARCA:SPY) which lost 13.61%.

ACB

Feed Tag: SAFE Banking Act