Verano President Darren Weiss Says I Do Not Think There Is A Shift Of Focus To Or Back to Retail; It Does Change Retail Dynamics To The Extent That You Know Multi-States Want To Operate Retail Stores In A Market; [In Interstate Commerce] It Does Not Make Sense To Be Vertically Integrated In Every Market; Rescheduling Does Not Create Interstate Commerce
Portfolio Pulse from Benzinga Newsdesk
Verano President Darren Weiss discusses the impact of rescheduling on retail dynamics and interstate commerce in the cannabis industry. He notes that while multi-state operators may want to run retail stores, rescheduling does not facilitate interstate commerce, making vertical integration in every market unnecessary.
October 08, 2024 | 3:29 pm
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NEUTRAL IMPACT
The discussion on rescheduling and its impact on retail dynamics in the cannabis industry may influence the AdvisorShares Pure US Cannabis ETF, which includes multi-state operators.
The ETF includes multi-state operators that might be affected by changes in retail dynamics due to rescheduling. However, the lack of interstate commerce limits immediate impact, resulting in a neutral short-term effect.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
NEUTRAL IMPACT
Verano's President Darren Weiss suggests that rescheduling cannabis does not enable interstate commerce, impacting the company's retail strategy. Vertical integration in every market may not be necessary.
The statement from Verano's President indicates a potential strategic shift in how the company approaches retail operations. However, since rescheduling does not create interstate commerce, the immediate impact on Verano's stock is neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80