Article Oct 31 - What Up With Cannabis Stocks TodayWhat's Going On With Tilray, Canopy Growth And Aurora Cannabis Shares Today? October 31, 2022 11:55 AM | 1 min read Shares of several cannabis companies including Tilray Brands Inc TLRY +10.5% , Canopy Growth Corp CGC +15.5%, Aurora Cannabis Inc ACB +6.25%, are trading higher Monday following reports that Senate Majority Leader Chuck Schumer said Congress is "very close" to passing a marijuana banking and expungements bill.
What Happened: According to a Marijuana Moment report, Schumer has indicated that Congress is close to introducing and passing a bill on cannabis.
"We are getting very close,” Schumer reportedly said in a debate on Sunday.
"I am working in a bipartisan way with Democrats and Republicans to take the SAFE Banking Act, which allows financial institutions to involve themselves in cannabis companies and lend money to them—but it also does some things for justice, such as expunging a record."
The SAFE Plus bill that Schumer is working to finalize is not expected to include language that would federally legalize marijuana, but it's a step in the right direction for cannabis companies.
“We may be able to get something done rather soon. I’m working with a bunch of Republican senators, a bunch of Democratic senators, to get something passed," Schumer said.
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Link to Article: https://www.benzinga.com/markets/cannabis/22/10/29483518/whats-going-on-with-tilray-canopy-growth-and-aurora-cannabis-shares-today