DEA Resists Testimony From Agency Official Linked To Report On Marijuana's Harms During Rescheduling Hearing
Key Takeaway
The Drug Enforcement Administration (DEA) is resisting a prohibitionist group's request for an agency official to testify about the harms of marijuana during a hearing on the Trump administration's move to reschedule cannabis that is scheduled to start next week. The organization Smart Approaches to Marijuana (SAM), which opposes the proposed reform, wants Luli Akinfiresoye, a
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.