https://www.cnbc.com/2023/09/27/marijuana-financing-bill-safer-banking-to-move-forward-in-congress.html

Passes committee vote to advance into the full senate. Looks like it might pass the senate. But According to an analyst cited may not pass the house.

Landmark marijuana financing bill clears big hurdle in the Senate

The Secure and Fair Enforcement Regulation Banking Act advanced out of a Senate committee.

@LuccaCarmignani

Apparently it's been renamed "SAFER Banking Act" with some slight revisions.

https://www.democrats.senate.gov/newsroom/press-releases/schumer-merkley-daines-sinema-lummis-announce-safer-banking-act

" Secure and Fair Enforcement Regulation (SAFER) Banking Act."

Will you update your resolution criteria to say whether this will be included?

https://www.greenmarketreport.com/cannabis-stocks-pop-on-news-of-safer-banking-act/

"differs slightly from the original version with four new provisions in the 10th section of the bill, which deals with deposit requirements, Politico reported"

Cannabis Stocks Pop on News of SAFER Banking Act

Marijuana stocks shot up Wednesday after news broke that the SAFE Banking Act had been rewritten as the SAFER Banking Act.

Markup scheduled for Sept. 27

https://www.marijuanamoment.net/key-senate-committee-officially-schedules-marijuana-banking-vote/

Looks like the chance of a government shutdown (which would be Sept. 30?) is a larger factor than Section 10 and whether they will have the votes to get this past committee. I'm selling my shares as I am optimistic it could pass this year (if not for the looming shutdown) despite the packed senate schedule and base rates of them not passing it for years, but I don't have a good estimate on the probability anymore now that the committee has finally fit the markup into the schedule (other than it is <= 42%, which is the government shutdown probability right now)

https://mjbizdaily.com/marijuana-industry-spends-millions-lobbying-as-shutdown-threatens-safe-banking/

Since a government shutdown can impact the passage I'm linking to the related market:

My summary from only skimming a few articles: many years of failing to pass, still being held up in committee, lot's of optimism, but maybe too much? Rand Paul said something like, the Republicans probably have the votes to avoid a filibuster but not sure where they are going to come from -- that doesn't inspire confidence. John Cornyn is not optimistic however, saying Schumer has too large of an agenda to complete it all in time for the rest of the session. Given it has been delayed passage for so long and its already August recess, I'm betting NO for now.