Cresco Labs CEO Discusses Cannabis Industry Challenges, Reaching Nationwide Customer BasePosted by On


The main thing holding the cannabis industry back is access to capital, according to Cresco Labs Inc (OTCQX:CRLBF) CEO Charlie Bachtell.

Bachtell, who took over Joe Caltabiano’s duties in March, discussed a variety of marijuana-related topics with The Associated Press in a recent interview.

“The main thing holding the industry back is access to capital that would allow the infrastructure to be built, that then creates the growth, the jobs, the revenue,” he said. And the biggest challenge that cannabis businesses face today is “it’s difficult to capitalize it.” (h/t NBC Chicago).

From his perspective, cannabis is in a “very good position,” considering the SAFE Banking Act — poised to allow banks to cooperate with licensed marijuana companies — has supporters on both sides of the aisle… even at the federal level.”

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