Marijuana Stocks Get a Lift From House Vote in Favor of Banking Law

A bill with major implications for U.S. marijuana companies has moved ahead in Congress with bipartisan support. It isn’t everything the pot industry wants, but the stocks are rising.

The SAFE Banking Act, which would protect banks that service the cannabis industry from federal regulators, passed the House of Representatives by a vote of 321 to 103 on Wednesday. A vote in the Senate is the next hurdle.

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Author: CSN