Cannabis Banking Bill Reintroduced in U.S. Senate, Canopy Growth Corp. to Buy Acreage Holdings

This week, U.S. Sens. Jeff Merkley (D-OR) and Cory Gardner (R-CO) have reintroduced the bipartisan SAFE Banking Act to protect banks and other financial institutions from federal prosecution when working with cannabis-related businesses that are operating in compliance with state laws. Elsewhere, Canopy Growth Corp. bought the rights to acquire Acreage Holdings Inc. for $3.4 billion in a cross-border cannabis deal.

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