so ventura agrees with melarge US vertically integrated MSOs such as Cural, TRU, Verana and Ayr already post annual revenues of $1 billion. - WITHOUT legalziation, SAFE, the Farm Bill and/or re-scheduling.
Most companies operating in the legalizaed states have foudn work arounds regarding banking services. Financing? Curaleaf was able to have a 'ATM' of $1 billion pass federal oversight and regulation
What SAFE and rescheduling DOES do for larger MSOs is ease restrictions, including potential upgrades to senior exchanges - which MSOs cant legally list on currently.
If the larger MSOs are surviving - and now thriving - without passage of these things and without listing on senior exchanges - they'll only explode when such legislation is passed.
Thank you for your article 'v' - see what a little actual research can do for you?
Isn't posting facts instead of misleading, incauuarte and incomplete information so much more rewarding?
Post by
Ventura2020on Sep 06, 2023 9:00am 
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Post# 35621535
Large MSO’s and Safe
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This is counterintuitive if one takes the stated intent of the SAFE Act at face value. The ACT aims to ease access to bank services, and this increased availability should help smaller companies the most. However, the image of an “all-cash” industry has not been the reality for years, at least not for public cannabis companies. None of the companies on this chart have difficulty obtaining basic bank accounts or services, and to that extent, the SAFE Act would produce modest gains at best.
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The most significant benefits of the SAFE Act are indirect. Granting a safe harbor for the provision of banking services may lead to increased willingness of banks to custody cannabis equities, and this could lead to greater trading liquidity and more incentives for the senior exchanges to allow listing. It may take some time, but an equivalent of the SAFE Act will eventually lead to up-listings, a much bigger deal for the companies