## Cresco Labs CEO Discusses Cannabis Rescheduling at Benzinga Cannabis Capital Conference
At the recent Benzinga Cannabis Capital Conference in Florida, Cresco Labs CEO Charlie Bachtell shared his optimistic views on the potential rescheduling of cannabis. He emphasized the importance of the ongoing process, stating, "This is going through the process it needs to... it's a matter of when." Bachtell highlighted the significance of the Health and Human Services' acknowledgment of cannabis' medicinal value, calling it a monumental step for the industry.
Looking ahead to the upcoming presidential election, Bachtell discussed the political implications of cannabis rescheduling. He expressed confidence that a new administration would be unlikely to reverse progress, given the industry's substantial economic footprint and the growing public support for cannabis reform.
Bachtell also touched on the SAFER Banking Act, pointing out the critical support from influential senators and its potential to further legitimize the cannabis industry through legislative action.
A Vision for the Future
Bachtell envisioned a domino effect following rescheduling, leading to broader legislative reforms and regulatory clarity. He stated that rescheduling would be just the beginning, paving the way for more comprehensive changes that could significantly impact the industry. "When that first domino falls, it opens the door to every domino after that also falling," he said, suggesting a cascade of positive developments for cannabis policy in the United States.
Addressing investor concerns and misconceptions, Bachtell reaffirmed the commitment of legislative leaders to cannabis reform, dispelling the notion that political support is superficial. He stressed the genuine engagement and effort being put into reform, highlighting the complexity of achieving federal cannabis reform and the need for a responsible and respectable industry.
The fireside chat with Cresco Labs CEO at the Benzinga Cannabis Capital Conference provided valuable insights into the dynamic interplay between cannabis industry developments, political processes, and the potential for significant policy shifts in the near future.