EXCLUSIVE: Cannabis Catalysts Praise SAFER Momentum, Plus State Market Prospects
Portfolio Pulse from Lara Goldstein
The cannabis industry is expected to grow significantly due to the clearance of the SAFER Banking Act by the Senate’s Banking Committee. Trulieve's CEO, Kim Rivers, highlighted the importance of this development at the Cannabis Capital Conference. She also mentioned the potential benefits of the shift from Schedule I to III for cannabis under the federal Controlled Substances Act. Rivers sees a massive opportunity in Florida, anticipating a $6 billion market opportunity with its potential shift from medical to adult use.
September 27, 2023 | 8:53 pm
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Trulieve could benefit from the clearance of the SAFER Banking Act and the potential reclassification of cannabis under the federal Controlled Substances Act. The company also sees a significant market opportunity in Florida.
The clearance of the SAFER Banking Act and the potential reclassification of cannabis under the federal Controlled Substances Act could have a positive impact on Trulieve's operations. Additionally, the company's focus on the Florida market could lead to significant growth opportunities.
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