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Senate actions provided fuel for cannabis stocks’ rise on Wednesday. As one committee looked into easing regulations for banks to handle transactions related to legal cannabis businesses, the full Senate is expected to confirm President Trump’s pro-marijuana nominee for secretary of health and human services, Robert F. Kennedy Jr.
The Amplify Seymour Cannabis ETF
CNBS rose 9.7% and the AdvisorShares Pure U.S. Cannabis MSOS moved up 4.1%.
