Verano Management Changes
Verano Holdings (VRNOF) is a Hedgeye Cannabis Best Idea Long.
Verano announced the promotion of key leaders, expanding the Company’s executive leadership team under Founder and CEO, George Archos. Darren Weiss, currently Chief Operating Officer, Chief Legal Officer, and General Counsel of Verano, has been elevated to the role of President. Darren has served with the Company since February 2021 and as General Counsel since 2017. John Tipton will transition to the role of President of the Southern Region, supporting the Company’s continued expansion across Florida and new markets in the Southeastern U.S. Trip McDermott, Executive Vice President of Operations, has been promoted to Chief Operating Officer. Verano’s current Deputy General Counsel, Laura Kalesnik, has been elevated to Chief Legal Officer and General Counsel. David Spreckman has been promoted to Chief Marketing Officer from his position as Executive Vice President of Marketing. “Since our inception, I’ve been steadfast in my philosophy to develop internal talent to grow into the next generation of leaders at Verano,” said George Archos, Verano Founder, and CEO. “Following these promotions, I believe we have one of the strongest and most experienced management teams in the industry, which will serve to strengthen Verano’s ability to navigate the rapid evolution of the cannabis sector.I am incredibly proud of our team and look forward to continue working with them to drive our business forward.”
Will Columbia legalize it?
A bill to legalize marijuana in Colombia was approved yesterday. This marks the 7th of 8 votes needed before the proposed constitutional amendment is sent to the president. Its next and final step is a Senate floor vote, which is expected to happen on June 16. Advocates are increasingly concerned that unrelated governmental controversies could derail the effort this year as deadlines for action quickly approach. The legalization bill would support “the right of the free development of the personality, allowing citizens to decide on the consumption of cannabis in a regulated legal framework,” it says. And it would mitigate “arbitrary discriminatory or unequal treatment in front of the population that consumes.” We will have to wait and see if the Senate approves and the president signs this exact bill because if any amendments are made to the bill, it will have to go through the 8 step process again.
Are mushrooms Coming To Rhode Island?
Yesterday, Rhode Island House committee approved a bill that would legalize the possession and cultivation of psilocybin mushrooms while taking steps to prepare for regulated therapeutic access pending federal reform. The bill passed the committee with a vote of 12-2 with the next step being the bill hitting the house floor. The legislation would remove criminal penalties for possessing and cultivating up to one ounce of psilocybin for personal use, and people would also be able to share that amount with other adults—beginning on July 1. The bill states that if the FDA reschedules the psychedelic, which the agency has already designated as a breakthrough therapy, then the Rhode Island Department of Health “shall establish rules and regulations pertaining to cultivation, distribution and medical prescription.”
