EXCLUSIVE: Cannabis Leaders Reveal Strategies For Success Without Relying On SAFE Banking Act
Portfolio Pulse from Nina Zdinjak
Cannabis industry leaders shared their strategies for success without relying on the SAFE Banking Act at the 2024 Benzinga Cannabis Capital Conference. Darren Weiss, president of Verano Holdings Corp (OTCQX:VRNOF), emphasized building a sustainable business without assuming cash availability. Jamie Mendola from Ayr Wellness (OTCQX:AYRWF) noted a slight improvement in risk appetite in the sector. Alex Gray from Good Day Farm suggested that capital will be more readily available once either SAFER or rescheduling happens. The leaders advised focusing on core markets, staying lean, and building a business that can stand on its own.
September 28, 2023 | 12:36 pm
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POSITIVE IMPACT
Jamie Mendola from Ayr Wellness noted a slight improvement in risk appetite in the cannabis sector. This could indicate a positive market sentiment, potentially benefiting Ayr Wellness.
Mendola's comments suggest a positive shift in market sentiment towards the cannabis sector. This could benefit Ayr Wellness, as increased risk appetite could lead to more investment in the sector.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Verano Holdings Corp's president, Darren Weiss, emphasized the importance of building a sustainable business without relying on cash availability. This suggests a strong strategic focus and could boost investor confidence.
Weiss's comments suggest that Verano is focused on building a sustainable business model that doesn't rely on external factors like the SAFE Banking Act. This could be seen as a positive by investors, as it indicates a level of resilience and strategic foresight.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80