AdvisorShares Poseidon Dynamic Cannabis ETF (PSDN)

Cannabis legislation: SAFER Banking Act advances in the Senate

Cannabis legislation might be nearing a milestone. If passed through Congress, the SAFER Banking Act could give registered cannabis businesses access to small business loans and various financial protections. Poseidon (PSDN) Co-Founder and Managing Partner Emily Paxhia joins Yahoo Finance Live and notes that this is the first time the SAFER Banking Act has made a run through the Senate, but expresses concerns that it “might not be a priority” for House lawmakers amid the approaching 2024 election and the looming threat of a government shutdown. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.