Cannabis is safer than McDonald’s, senator says (Newsletter: April 20, 2026)
Key Takeaway
Trump on psychedelics & marijuana rescheduling; New hemp bill lets states opt out of ban; TX cannabis poll; Study: Marijuana as sub for Rx drugs Subscribe to receive Marijuana Moment’s newsletter in your inbox every weekday morning. It’s the best way to make sure you know which cannabis stories are shaping the day. Your support makes […] The post Cannabis is safer than McDonald’s, senator says (Newsletter: April 20, 2026) appeared first on Marijuana Moment.
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.