I Went To DEA's Marijuana Rescheduling Hearing, And It Was The Strangest Proceeding I've Ever Sat Through (Op-Ed)
Key Takeaway
"I wanted to hear what a federal record about this plant sounds like while it is being built. It sounds like a lot of very credentialed people describing a plant that almost none of them have grown." By Max Jackson, Cannabis Wise Guys For two weeks this summer I slept in my van in 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.