Cannabis stocks gain as banking bill finds traction in Senate, but House OK looks challenging

Cannabis stocks advanced Thursday, helped by news that a key Senate committee could soon vote to advance a widely followed bill that aims to make it easier for the financial industry to work with cannabis companies.

Senate Banking Committee chair Sherrod Brown said Wednesday that there is “an agreement imminent” on the SAFE Banking Act, according to a Politico report. The Ohio Democrat told Punchbowl News earlier this week that the measure was among those that he wanted to act on “in the next six weeks.”

Brown’s…

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