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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (158892)9/27/2023 10:02:27 AM
From: Goose94Read Replies (1) of 202833
 
Marijuana: industry watching U.S. Senate vote

When they go low, we get high

Marijuana stocks exposed to the U.S. markets are once again popping. Today the U.S. Senate Banking committee is set to vote on the SAFER Banking act to allow cannabis businesses access to financial institutions. Yesterday, I spoke with the CEO of Trulieve, which operates in the United States and she said the vote could have both practical and symbolic benefits. On the practical side, she noted they are still a cash business and that one of her stores was recently targeted for theft because of the large amounts of cash they are forced to keep on premises. The Senate Banking committee session begins at 0930ET this morning.

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