Here's Why Aurora Cannabis, Canopy Growth, Cronos Group, Sundial Growers And Tilray Shares Are Falling Again

Here's Why Aurora Cannabis, Canopy Growth, Cronos Group, Sundial Growers And Tilray Shares Are Falling Again

Shares of several marijuana companies, including Aurora Cannabis Inc ACBCanopy Growth Corp CGCCronos Group Inc CRONSundial 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

Posted In: why it's movingCannabisMarketsMoversTrading Ideas

BENZINGA CANNABIS CONFERENCE

Meet the biggest cannabis industry players and make deals that will push the industry forward.

Featuring live company presentations, insider panels, and unmatched access to networking, the Benzinga Cannabis Capital Conference is where cannabis executives and entrepreneurs meet.

Join us April 11-12, 2023 at Fontainebleau Miami Beach in sunny Florida.