Cannabis Stocks Rally on Schumer's Push for SAFER Banking Act Petition
Friday, 22 March 2024, 19:24
Cannabis Stocks Rally on Schumer's Push
Cannabis stocks saw a significant surge in prices on Friday as Senate Majority Leader Chuck Schumer actively supported a petition regarding the SAFER Banking Act. The act is aimed at providing cannabis companies with easier access to banking services.
Key points:
- Schumer's push for the petition positively impacted the cannabis industry.
- The SAFER Banking Act aims to enhance financial stability for cannabis businesses.
- Investors' optimism led to a notable rally in cannabis stock prices.
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