Lawmakers, Officials And Celebs React To Trump’s Psychedelics Executive Order
Key Takeaway
A wide range of bipartisan lawmakers, federal officials, state leaders, advocacy groups and celebrities are weighing in after President Donald Trump issued an executive order aimed at expanding and expediting research on the potential therapeutic benefits of psychedelics. Here’s a look at what people are saying: Lawmakers Sen. Lindsey Graham (R-SC) Totally support President Trump’s […] The post Lawmakers, Officials And Celebs React To Trump’s Psychedelics Executive Order appeared first on Marijuana Moment.
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.