The American cannabis industry recently earned another victory. And it takes the country one step closer to a real change at the federal level. Last week, the U.S. House of Representatives overwhelmingly passed the Secure and Fair Enforcement (SAFE) Banking Act. The bill would enable banks and other financial institutions to provide cannabis companies with the same services every other industry in this country enjoys - without the fear of federal persecution. This was a lopsided victory for cannabis, with the House voting 321-101. And maybe even more importantly, more than half of House Republicans voted in support of the SAFE Banking Act. This tally was very similar to when the SAFE Banking Act cleared the House in 2019 with a 321-103 vote. But the Senate at the time stalled the measure. This time, though, the prospects are far better... and investors should be sitting up and taking notice. The "Secret" of This "Confidential" BillDemocrats have the majority in both the House and the Senate. So the possibility of the SAFE Banking Act clearing its next hurdle is much brighter than it was in the past. But there's another layer to this story. Not only is the SAFE Banking Act chugging along, but Senate Majority Leader Chuck Schumer, Sen. Cory Booker and Sen. Ron Wyden are crafting their own comprehensive cannabis reform bill. Now, for whatever reason, the details of this bill are confidential at the moment. And there's no timeline for when the trio's legislation will be introduced. But they have been seeking input from the National Cannabis Industry Association and other similar groups. They also plan to move ahead with legalization, with or without President Joe Biden. But here's what I think we can likely expect from the Senate. | 
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