December 6, 2023

Jon Levine, CEO of multi-state hashish operator, MariMed MRMD, and Erik Sloane, International Head of Company Listings at Cboe Canada, mentioned the evolving Illinois hashish market on the Benzinga Hashish Capital Convention.

Levine famous their sturdy administration staff, emphasizing their expertise and dedication to constructing a constant model. He acknowledged elevated competitors in Illinois as a result of extra dispensaries and neighboring states like Missouri getting into the market.

Nonetheless, he remained assured in MariMed’s model power and high quality. “Our inventory is undervalued in comparison with opponents,” Levine mentioned

Wish to watch Benzinga’s Hashish Capital Convention reside? For current subscribers, get direct entry by way of our analysis platform. For brand new customers, you may get on the spot entry right here! 

Rescheduling Hashish

The panel additionally mentioned the potential influence of rescheduling hashish.

Rescheduling, greater than secure banking, would considerably profit the trade by decreasing taxes and selling profitability, Levine mentioned.

“Rescheduling is extra vital than secure banking. It would make it stronger for folks to get into this enterprise,” Levine mentioned.

The CEO additionally highlighted MariMed’s disciplined method to development, specializing in money move and profitability, making them a gorgeous possibility for traders.

Sloane talked about the potential for institutional funding and inventory change listings, which may stabilize the trade and cut back retail investor-driven volatility. In the meantime, Levine inspired traders to contemplate MariMed’s financials, stating their inventory is undervalued in comparison with opponents.

Wish to watch extra concerning the hashish invoice and what it means for the trade? Tune in to the Benzinga Hashish Capital Convention in Chicago reside. For current subscribers, you may get direct entry by way of our analysis platform. For brand new customers, you may get on the spot entry right here!

Photograph by Sawyer Bengtson on Unsplash. 

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