20 min
Polaris Capital President Discusses Rescheduling and Safe Banking in Cannabis Industry Plant Prophets
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- Management
Rob Sechrist discusses the recent achievements of Polaris Equity Group and the Polaris Fund, including obtaining the highest credit rating ever issued in the cannabis industry and completing the first securitization in the sector. He also shares his insights on the potential rescheduling of cannabis from a Schedule I to a Schedule III drug and the impact it could have on the industry. Sechrist believes that the Biden administration wants this to happen by next year to gain political support. He also mentions the possibility of the Safe Banking Act being passed in 2024, as there are indications that there are enough votes in the Senate to support it.
Rob Sechrist discusses the recent achievements of Polaris Equity Group and the Polaris Fund, including obtaining the highest credit rating ever issued in the cannabis industry and completing the first securitization in the sector. He also shares his insights on the potential rescheduling of cannabis from a Schedule I to a Schedule III drug and the impact it could have on the industry. Sechrist believes that the Biden administration wants this to happen by next year to gain political support. He also mentions the possibility of the Safe Banking Act being passed in 2024, as there are indications that there are enough votes in the Senate to support it.
20 min