FDA Seeks Contractor To Monitor Marijuana And Hemp Posts On TikTok, Reddit And Instagram
Key Takeaway
The Food and Drug Administration (FDA) is seeking a contractor to monitor social media sites like TikTok, Instagram and Reddit for conversations about marijuana and hemp products, and to conduct a survey of cannabis consumers, among other tasks. The agency said in a request for quotes that it is seeking help to "address knowledge gaps
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.