Will The SAFE Act Benefit Marijuana ETFs?

Last week, the U.S. House of Representatives voted 321-103 to pass the SAFE Banking Act, a measure aimed at bringing banking and financial services used by cannabis companies and dispensary operators out of the shadows and into the mainstream.
What Happened
It was a rare display of bipartisanship on Capitol Hill, with 91 Republicans joining 230 Democrats in voting for the measure — but when it comes to cannabis exchange traded funds, enthusiasm was hard to find.
Last week, the ETFMG Alternative Harvest ETF MJ, the oldest and largest New York-listed marijuana ETF, slid 7.46%.
That extends a tail of woe that has seen MJ shed nearly a third of its value just in the third quarter, but to be fair, every other cannabis ETF is being drubbed too.
Read more here: https://www.benzinga.com/markets/cannabis/19/09/14509858/will-the-safe-act-benefit-marijuana-etfs