Cannabis Stocks Waft as House Passes Bill Ahead of 420 Day

Shares of cannabis stocks drifted Tuesday after the House voted 321 to 101 in favor of a bill that will protect banks that do business with companies in states that have legalized marijuana for medicinal or recreational purposes from federal enforcement action.

Shares of Aphria  (APHA) – Get Aphria Inc Report, Canopy Growth  (CGC) – Get Canopy Growth Corporation Report, Cronos Group  (CRON) – Get Cronos Group Inc Report and Tilray  (TLRY) – Get Tilray, Inc. Report were all trading mixed to slightly higher on Tuesday after the House passed the so-called SAFE, or Secure and Fair Enforcement, Banking Act, which aims to open up the federally insured banking system to cannabis companies.

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