Industry Insights

Rescheduling pot will make us significantly more profitable, says Verano CEO George Archos

George Archos, Verano CEO, joins ‘Fast Money’ to talk an HHS official calling for marijuana to be rescheduled and its impact on …

Verano CEO George Archos believes that rescheduling marijuana will have a notable positive impact on the company’s profitability. He suggests that the current classification of cannabis as a Schedule 1 drug restricts the industry’s growth and creates unnecessary hurdles for businesses. Rescheduling marijuana would not only remove certain regulatory barriers but also attract more investors and enable better access to financial services. Archos expects that this change will lead to increased profitability for Verano and the overall cannabis industry.


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