Business
Verano Founder and Chief Executive Officer George Archos Shares Celebratory Comments on Cannabis Rescheduling Announcement
Verano’s active operations span 13 states, comprised of 15 8 dispensaries operat...
About this update from Verano Holdings Corp Class A
[{"type":"text","content":"Verano Founder and Chief Executive Officer George Archos Shares Celebratory Comments on Cannabis Rescheduling Announcement\nVerano’s active operations span 13 states, comprised of 158 dispensaries operating under the Zen Leaf™ and MÜV™ retail banners, and 15 cultivation and processing facilities with more than 1.1 million square feet of cultivation capacity CHICAGO, Dec. 18, 2025 (GLOBE NEWSWIRE) -- Verano Holdings Corp. (Cboe CA: VRNO) (OTCQX: VRNO) (“Verano” or the “Company”), a leading multi-state cannabis company, celebrates today’s historic announcement that President Donald Trump has issued an Executive Order directing the Department of Justice to reschedule cannabis from Schedule I to Schedule III in the Controlled Substances Act, paving the way for potential reforms in the areas of medical research, banking, taxes, and the opportunity for Verano to list its shares on a U.S.-based stock exchange. Quote from Verano Founder and Chief Executive Officer George Archos: “Today's historic cannabis rescheduling announcement marks a significant milestone and transformative policy shift that paves the way for America’s next great homegrown industry to finally reach its full potential by serving patients, creating jobs, unlocking economic growth, and reversing decades of harmful prohibitionist policies.    We’re grateful to President Trump for recognizing the overwhelming majority of Americans who support cannabis rescheduling, opening the door to federal reform, medical research, and normalization for an industry that employs hundreds of thousands of professionals and contributes billions of dollars in taxes and economic activity every year.   We look forward to the new opportunities rescheduling will provide cannabis businesses of all sizes, including critical banking and regulatory reforms that will unlock additional health, wellness, and economic benefits for communities nationwide.”   Media Resources: B-Roll and Images: available for download in Verano’s Media Kit (credit “courtesy of Verano”). Executive Interview Requests: please contact Steve Mazeika ([email protected]) and Grace Bondy ([email protected]). Investor Website: https://investors.v...