Senate Banking Committee passes historic cannabis banking bill, sending it to full Senate vote

The Senate Banking Committee voted 14-9 to advance a bill allowing cannabis companies access to banking services.
The Secure and Fair Enforcement Banking Act aims to let cannabis businesses use major financial institutions.
The bill has passed the House seven times before but not advanced in the Senate until now.
It remains uncertain if the bill will pass the Republican-controlled House.
Cannabis stocks initially rose on the news but trading has been volatile amid uncertainty.