What Do Cannabis And Mortgage Banking Have In Common? A Lot, According To Charlie Bachtell Of Cresco Labs

After the sweeping success of Benzinga's 4/20 Miami event, the Benzinga Cannabis Capital Conference  is heading back to Chicago. Mark your calendars for September 13 and 14 and join us to meet a slew of marijuana industry power players who will share their experiences, visions and advice. Among them will be Charlie Bachtell, CEO and co-founder  of one of the leading weed companies in the nation – Cresco Labs  (OTCQX: CRLBF ). How did an attorney with vast experience across the residential mortgage industry get into the marijuana space?  From Mortgages To Cannabis  Prior to co-founding Cresco Labs in 2013, Bachtell was an executive vice president and general counsel for the seventh-largest mortgage bank in the country - Guaranteed Rate . Widely respected across the mortgage industry as an authority figure with a decade of experience, Bachtell saw the industry shift from unregulated to hyper-regulated practically overnight due to an economic downturn. This transformation pushed him to another sphere – cannabis. After realizing the marijuana industry “mirrored the industry” he was in at the time, he knew his experience would come in handy. “Cannabis, too, was an industry going from unregulated to hyperregulated overnight on a state-by-state basis because laws were state-based and siloed from each other,” Bachtell told MGO  in 2021. “So, I’d ... Full story available on Benzinga.com