SAFER Banking Act

Third-quarter earnings have been released for all companies in the Viridian Chart of the Week. Equity prices have had an opportunity to react to the news (or not).  The orange line in the chart shows the EV/ 2024 Consensus EBITDA estimates—the enormous range from 1.63x for Cansortium...

The fate of the Secure and Fair Enforcement Regulation (SAFER) Banking Act hangs in the balance. Just how likely is it to become law this year? A recent survey of congressional staffers reveals intriguing insights. Doubts Loom Over Marijuana Banking Bill A survey conducted by Punchbowl News'...

Irwin Simon, chairman and CEO of Tilray, Inc. (NASDAQ: TLRY) was asked Wednesday whether conversations with stockholders are at times frustrating when the company's stock price isn't always performing to everyone's satisfaction. Tilray's first-quarter financial results Wednesday...

Following the successful Senate Banking Committee markup vote last week, the prospects for bicameral SAFER Banking Act legislation appeared positive in both legislative branches of government. However, the prospects thereof took a unforeseen twist yesterday as Kevin...

At the Benzinga Cannabis Capital Conference in Chicago, key figures in the cannabis industry engaged in discussions about the U.S. Senate Banking Committee passing the Secure and Fair Enforcement Regulation (SAFER) Banking Act — and a surprising twist involving cryptocurrency, offering...

In an exclusive address to the Benzinga Cannabis Capital Conference, U.S. Rep. Earl Blumenauer (D-OR) emphasized the remarkable progress and enduring challenges in cannabis legislation. Blumenauer, a longstanding cannabis advocate, traced his involvement in the cause back to 1973 when Oregon...

The passage of the bipartisan banking bill has sent some Senate members opposed to the legislation into their corners as Senate Majority Leader Chuck Schumer (D-NY) pledges to bring the bill to the floor “very soon.” It also sent cannabis stocks surging, but they’ve since ...

U.S. cannabis stocks jumped Wednesday following the Senate Banking Committee approval of the Secure and Fair Enforcement Regulation (SAFER) Banking Act before pulling back.  Such companies as Canopy Growth Corp (NASDAQ: CGC), Cronos Group Inc (NASDAQ: CRON),...

The Senate Banking Committee approved the Secure and Fair Enforcement Regulation (SAFER) Banking Act Wednesday, marking a regulatory milestone that has been in the works for nearly a decade. The bill is crafted to enable legal cannabis businesses access to banks and...

On Wednesday, the Senate introduced a revamped cannabis banking bill featuring an updated title and several fresh provisions pertaining to federal financial regulations, guidance, and reporting requirements. This time, a familiar foe has come on board to support the next iteration of regulated...