AMA Raises Concerns About Marijuana, Kratom And Other Botanical Drugs While Pushing 'Special Schedule' To Support Research
Key Takeaway
The American Medical Association (AMA) is urging federal officials to uphold "known and widely accepted scientific and clinical standards for testing safety and efficacy" of botanical drug products-including cannabis, kratom and other plant-derived substances-warning that political and commercial interests should not circumvent the standard approval process. It also says a "special schedule" should be developed
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.