We have learned yesterday that the US Drug Enforcement Administration will shortly approve a rescheduling of cannabis to Schedule III --and that the biggest legal hurdle, an international treaty (the Single Convention on Narcotic Drugs (1961)), to which the US is a signatory -
On behalf of our client, Treehouse Real Estate Investment Trust, Inc., SSC Advisors recently completed the successful marketing of a cannabis dispensary license and negotiated the lease of the property in Nevada to GL Partners (dba Greenlight), a privately held MSO.
We act as Financial Advisor on the sale of @crescolabs Arizona assets to @Mint_Cannabis.
This is part of a broader effort by Cresco to optimize its portfolio and bolster its balance sheet ahead of anticipated federal reform 📈
https://t.co/8nrDhJFCIy
@MikeOfHeights The lobbying effort for SAFE was poorly funded with only a couple of MSO’s taking it seriously, which is a big reason it failed IMO - when pharma or tech need a bill to pass they pull out their wallets - no profits to fund this so nothing changes
Let. Them. Vote. It’s beyond time for #SAFEnow @SenSchumer
Schumer Scrambles to Save Marijuana Banking Bill He Blocked Last Year https://t.co/OM9G1VQ1MV
@rsandler21969@Marc_Eli_ Amen - agree with Ricky 100% on this one… and the biggest loser if SAFE doesn’t happen is social equity programs… without access to capital and banking, those businesses have no chance of getting open or being successful