Cresco Labs Ceo & Co-founder Charlie Bachtell On Safe Banking Says We Do Have Interested Senior Level Legislators On Both Sides Of The Aisle That Are Interested In Moving SAFE Forward; It Is Up To Us To Make Sure Everyone Who Could Be Involved In A Potential Vote Or A Potential Advocacy In Dc The Front Is As Educated And As Familiar With Our Issue As They Can Be
Portfolio Pulse from Benzinga Newsdesk
Cresco Labs CEO Charlie Bachtell discusses the potential progress of the SAFE Banking Act, highlighting bipartisan interest among senior legislators. He emphasizes the importance of educating potential voters and advocates in Washington, D.C. about the issue.
October 09, 2024 | 2:36 pm
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POSITIVE IMPACT
Cresco Labs CEO Charlie Bachtell is optimistic about the SAFE Banking Act, noting bipartisan interest. This could positively impact Cresco Labs if the Act progresses.
Cresco Labs, being a cannabis company, would benefit from the SAFE Banking Act as it would ease banking restrictions. The CEO's comments suggest potential progress, which is positive for the company.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The SAFE Banking Act's progress could benefit cannabis-focused ETFs like MSOS, as it would improve banking access for cannabis companies.
MSOS, an ETF focused on cannabis, would benefit from the SAFE Banking Act as it would improve the operational environment for its holdings.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60