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
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