Cannabis ETF coming and SAFE banking act's even SAFER

Cannabis ETF coming and SAFE banking act's even SAFER

This week's stories:

  • Subversive Capital Advisor, which focuses on emerging sectors, this week launched a new cannabis- focused ETF, stating that a ‘regulatory move to Schedule III status meaningfully changes the trajectory for this business.
  • The text for the SAFE Banking Act that aims to transform banking for the cannabis industry has been amended.
  • According to Marijuana Moment, which has seen a copy of the amended text, the bill’s updates relate to guidance, finance regulations and reporting requirements.
  • Canopy Growth Corporation announced that it was seeking to raise up to $50m in additional funding via a ‘private placement offering’.

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