3 In 4 Marijuana Consumers Now Support Trump Administration's Cannabis Actions, Post-Rescheduling Poll Shows
Key Takeaway
President Donald Trump has seen a massive swing in support for his administration's marijuana policy actions from consumers since moving to federally reschedule medical cannabis-with nearly three out of four now having a favorable view-according to a new survey. The latest quarterly presidential approval tracking poll from NuggMD and Marijuana Moment found that 73 percent
What This Means for Cannabis Businesses
Tax developments like this directly impact the bottom line for every cannabis operator. With Section 280E creating effective tax rates above 70% for many businesses, any shift in federal tax policy - whether through rescheduling, court rulings, or IRS guidance - can mean the difference between profitability and closure. Cannabis business owners should work closely with a specialized CPA to understand how these changes affect their specific situation.
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This analysis is based on reporting by Marijuana Moment. Read the original article. CannaBizGuide provides original commentary and analysis - this is not legal or tax advice.