Defense Secretary Must Study Psychedelic 'Access Pathways' For Military Servicemembers, Congressional Committee Says
Key Takeaway
A congressional committee has attached report language to a key annual defense bill that calls on military officials to pay greater attention to potential "access pathways" to psychedelic therapies for servicemembers. Citing a psychedelics executive order signed by President Donald Trump in April, the House Armed Services Committee is urging Department of Defense (DOD) leaders
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.