Cannabis Provides 'Significant Improvements' In Pain For Fibromyalgia, Rheumatoid Arthritis And Osteoarthritis Patients, Study Shows
Key Takeaway
Cannabis products appear to have "beneficial effects" for people struggling with the symptoms of chronic pain, according to a new study- with the results indicating relief from both intoxicating and nonintoxicating cannabinoids. Researchers affiliated with the University at Buffalo, University of Michigan Medical School and MoreBetter recruited 64 people with fibromyalgia, 25 with rheumatoid arthritis
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.
Michigan Cannabis Market Overview
Michigan is one of the fastest-growing cannabis markets in the Midwest with over 2,100 active licenses and consumption lounges now permitted. The state has approximately 2,100 active cannabis licenses and 13 licensed testing laboratories. There are 49 cannabis professionals serving Michigan businesses on our directory, including CPAs, attorneys, and compliance consultants.
Related News
Cannabis MSOs Owe $1.6 Billion in Unpaid 280E Taxes as IRS Fights Back
IRS Disputes Cannabis Company's Challenge to 280E in Tax Court
Michigan Cannabis Sales Fall to Lowest Level in Two Years Under New Wholesale Tax
Congressional Research Service Questions Constitutionality of Cannabis Tax Section 280E
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.