Shadd Dales breaks down the biggest cannabis industry developments of the week. From major legislative moves to company earnings, there’s plenty to cover—so if you’re ready for a quick halftime break from the Super Bowl, we’ve got you covered.We will begin with the Senate Banking Committee, which held a pivotal hearing on debanking, closely watched by the cannabis industry. While the focus was on federally legal industries like crypto and firearms, cannabis stole the spotlight when Senator Thom Tillis remarked, ‘We’ve got the cannabis business. It’s illegal federally, but we should re-examine that.’ This rare bipartisan acknowledgment highlights the industry’s push for financial reform through the SAFER Banking Act.Meanwhile, Robert F. Kennedy Jr. is one step closer to becoming Secretary of Health and Human Services, a role that could shape future cannabis-related health policies.On the corporate front, Aurora Cannabis reported a blockbuster Q3, with medical cannabis revenue surging 51% year-over-year to $68.1 million. International markets boomed, flipping Aurora from a $17 million loss to a $31 million net income. In contrast, Canopy Growth faced a 5% revenue drop, though cost-cutting efforts helped narrow losses.

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