On the Verge Of Transformation: Cannabis Industry Eyes Regulatory Relief Says Verano CIO
At the recent Benzinga Cannabis Capital Conference, Aaron Miles, chief investment officer at Verano, discussed the anticipated regulatory changes that could substantially reshape the cannabis industry’s economic and operational frameworks.
Highlighting the potential rescheduling of cannabis, Miles outlined its broad implications for business operations, financing, and market valuations, painting a picture of a future brimming with opportunities for industry stakeholders.
Potential Benefits of Cannabis Rescheduling
Miles emphasized the operational benefits that rescheduling could bring to cannabis companies.
“The rescheduling of cannabis could allow us to operate more like a typical business, a substantial benefit indeed,” he noted. This change would enable more straightforward access to federal banking and credit card processing, significantly altering the current financial framework for cannabis enterprises.
He also highlighted the burdensome taxes under the current …