EXCLUSIVE: The SAFER Banking Act Is A Long-Awaited First Step Towards The Economic Legitimacy Of The Cannabis Industry, Says Benzinga Cannabis Capital Conference Panelist
Portfolio Pulse from Joana Scopel
The Senate Banking Committee has approved the Secure and Fair Enforcement Regulation (SAFER) Banking Act, a significant development for the cannabis industry. The Act has been praised by industry leaders, including Boris Jordan, founder and chairman of Curaleaf Holdings, Inc., and Sean M. O’Brien, Teamsters General President. The Act is expected to improve working conditions and ease operational burdens for employers across the country. It is also seen as a key step forward for the cannabis industry, with the industry poised to reach $34 billion by the end of this year.
September 27, 2023 | 11:40 pm
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POSITIVE IMPACT
The approval of the SAFER Banking Act is a positive development for Acreage Holdings Inc., as it is expected to ease operational burdens and improve working conditions in the cannabis industry.
The approval of the SAFER Banking Act is expected to have a positive impact on Acreage Holdings Inc., as it will likely ease operational burdens and improve working conditions in the cannabis industry, which the company is a part of.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The approval of the SAFER Banking Act is a positive development for Ayr Wellness Inc., as it is expected to ease operational burdens and improve working conditions in the cannabis industry.
The approval of the SAFER Banking Act is expected to have a positive impact on Ayr Wellness Inc., as it will likely ease operational burdens and improve working conditions in the cannabis industry, which the company is a part of.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The approval of the SAFER Banking Act is a positive development for Curaleaf Holdings, Inc., as it is expected to ease operational burdens and improve working conditions in the cannabis industry.
The approval of the SAFER Banking Act is expected to have a positive impact on Curaleaf Holdings, Inc., as it will likely ease operational burdens and improve working conditions in the cannabis industry, which the company is a part of.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80