Young Adults Had ‘Significant Reductions’ In Marijuana Use After Legalization, Study Published By American Medical Association Finds

Young adults who used marijuana frequently before legalization “showed significant reductions in use and consequences” following the policy change, according to a new study of Canadian data published by the American Medical Association that challenges the widespread worry that ending prohibition will lead to a dangerous rise in youth cannabis use. Consumption did tick up […]

: Cannabis stock rise as Senate committee OKs cannabis banking bill

Cannabis stocks moved up Wednesday after the U.S. Senate Committee on Banking, Housing and Urban Affairs approved the Secure and Fair Enforcement Regulation Banking Act, now known as the SAFER Banking Act of 2023. The bill to open up the financial system to legal cannabis companies now heads to the full Senate for a vote after earlier versions of it were initially introduced on Capitol Hill a decade ago. It has been approved by the U.S. House of Representatives seven times and has yet to go to the full Senate for a vote. The AdvisorShares Pure US Cannabis ETF MSOS was up 6% in trades shortly after the vote. The ETFMG Alternative Harvest ETF MJ was up by 3.2%. Among individual cannabis names, Curaleaf Holdings Inc. CURLF was up by 5.4%, Green Thumb Industries Inc. GTBIF was up by 1%, Cresco Labs Inc. CRLBF was up by 1%, Trulieve Cannabis Corp. TCNNF was up by 1%, Tilray Brands Inc. TLRY was up by 2.1%, Canopy Growth Corp. CGC was up by 5.1% and Verano Holdings Corp. VRNOF was up by 3.8%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

Watch Live: A U.S. Senate Committee Is Voting On A Marijuana Banking Bill

The Senate Banking Committee is meeting on Wednesday for a much-anticipated vote on a bipartisan marijuana banking bill that will decide if it advances to the floor. Members will vote on the Secure and Fair Enforcement Regulation (SAFER) Banking Act, sponsored by Sens. Jeff Merkley (D-OR) and Steve Daines (R-MT), one week after it was […]

Cannabis banking amendments in committee today (Newsletter: September 27, 2023)

NY marijuana bill on gov’s desk; NE medical cannabis ballot push; DOJ drug safe consumption filing; Psychiatrists’ shifting psychedelics attitudes Subscribe to receive Marijuana Moment’s newsletter in your inbox every weekday morning. It’s the best way to make sure you know which cannabis stories are shaping the day. (function() { window.mc4wp = window.mc4wp || { listeners: […]

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