Cannabis Stocks are Taking a Beating, Even as Optimism Grows Over U.S. Policy Changes

As Washington takes on the politics of cannabis, issues on both sides of the border are weighing on company shares. Suddenly, the U.S. Senate is willing to talk about pot. Rather unexpectedly, the Senate Committee on Banking, Housing and Urban Affairs will hold a hearing on cannabis banking Tuesday. This marks the first time the Republican-controlled Senate has agreed to examine the so-called SAFE Act, which would allow banks to offer services to pot companies…

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Author: Kristine Owram, Financial Post