EXCLUSIVE: Anticipated Legalization A Catalyst For Consolidation, Cannabis Companies Are Preparing
Lack of access to conventional financial sources for cannabis companies is the main issue facing cannabis entrepreneurs. Banks won''t make loans to cannabis business owners because of federal law. As a result, businesses like Verano Holdings Corp (OTC: VRNOF ) and Cresco Labs Inc (OTC: CRLBF ) are now free to seize as much market share as they can while positioning themselves as attractive acquisition targets for the highly anticipated federal regulation of cannabis. Big tobacco companies like Philip Morris International Inc. (NYSE: PM ) have had exposure … Full story available on Benzinga.com
EXCLUSIVE: Anticipated Legalization A Catalyst For Consolidation, Cannabis Companies Are Preparing
Lack of access to conventional financial sources for cannabis companies is the main issue facing cannabis entrepreneurs. Banks won''t make loans to cannabis business owners because of federal law. As a result, businesses like Verano Holdings Corp (OTC: VRNOF ) and Cresco Labs Inc (OTC: CRLBF ) are now free to seize as much market share as they can while positioning themselves as attractive acquisition targets for the highly anticipated federal regulation of cannabis. Big tobacco companies like Philip Morris International Inc. (NYSE: PM ) have had exposure … Full story available on Benzinga.com