21:09:45 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Aurora Cannabis Inc
Symbol ACB
Shares Issued 1,012,289,765
Close 2019-03-26 C$ 12.23
Market Cap C$ 12,380,303,826
Recent Sedar Documents

FP says Hexo, rivals await U.S. bank bill for weed

2019-03-26 09:35 ET - In the News

See In the News (C-HEXO) Hexo Corp

The Financial Post reports in its Tuesday edition that Canada's cannabis industry could see its first-mover advantage cut short if a piece of legislation that would open the United States banking sector to cannabis companies is eventually passed, some industry watchers say. The Post's Vanmala Subramaniam writes that the Secure and Fair Enforcement (SAFE) Banking Act, which would protect U.S. banks working with cannabis companies from criminal scrutiny by regulators, is due to face a markup in front of the House Financial Services Committee on Tuesday. That process, in which a congressional committee debates and amends proposed legislation before voting on the version of the bill that will be submitted to the House, is one of the final steps in a years-long campaign by marijuana activists to allow cannabis companies to gain full access to financial services -- everything from bank accounts, to lines of credit, to credit cards. If that happens, some argue that Canadian cannabis companies will face intense competition from their American counterparts, which would finally have access to major lines of financing, enabling them to grow quickly and fully leverage domestic demand for cannabis.

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