Congress Should Regulate THC Products, Businessman In Both The Marijuana And Hemp Industries Says (Op-Ed)
Key Takeaway
"Eliminating a competing channel is not the same as regulating it… Responsible operators on both sides should want rules that protect consumers and make it harder for bad actors to compete." By Dylan Raap, Upstate Elevator President Donald Trump signed a stopgap spending bill last week that keeps the federal government funded through December 11.
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.