House Passes Psychedelics Amendments To Codify Trump Executive Order And Extend Military Research Program Until 2033
Key Takeaway
The U.S. House of Representatives has voted to extend a psychedelics research effort at the Department of Defense (DOD) for an additional six years and to codify provisions of a psychedelics executive order signed by President Donald Trump earlier this year. Meanwhile, Republican leadership in the chamber blocked a separate proposal to expand waivers for
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.