This week's stories:

• Subversive Capital Advisor, which focuses on emerging sectors, this week launched a new cannabis- focused ETF, stating that a ‘regulatory move to Schedule III status meaningfully changes the trajectory for this business.
• The text for the SAFE Banking Act that aims to transform banking for the cannabis industry has been amended.
• According to Marijuana Moment, which has seen a copy of the amended text, the bill’s updates relate to guidance, finance regulations and reporting requirements.
• Canopy Growth Corporation announced that it was seeking to raise up to $50m in additional funding via a ‘private placement offering’.

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About Cannabis Daily.

Cannabis Daily is a cannabis news and interview program from Business of Cannabis. We highlight the companies, brands, people and trends driving the cannabis industry.

Business of Cannabis is a cannabis industry platform marrying cannabis news, video and podcast content, newsletters and online and real-world cannabis events.

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