MSOS - Cannabis Stocks Move As Schumer Pledges To Bring Bill To Senate Floor: Expect GOP Pushback | Benzinga
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 pulled back.
The legislative development is occurring as cannabis sector leaders gather at the Benzinga Cannabis Capital Conference in Chicago.
What’s Happening? Several GOP senators are already vowing to kill the legislation.
"The SAFER Banking Act is sold as an easy banking fix. In reality, the legislation is fatally flawed and its consequences are complex and sweeping. We will remain opposed to liberalizing drug ...