Marijuana Consumers' Support For Trump's Actions Drops As Most Don't Believe Rescheduling Will Be Completed This Year, Poll Shows
Key Takeaway
Marijuana consumers' support for the Trump administration's actions on cannabis has declined in the months since the Department of Justice first announced it was moving forward with rescheduling the drug, a new survey reveals. The latest quarterly presidential approval tracking poll from NuggMD and Marijuana Moment shows that 48 percent percent of marijuana consumers now
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.