More Americans Are Now Smoking Marijuana Than Ever Before As Cigarettes Hit All-Time Low, Gallup Poll Shows
Key Takeaway
A record-high number of U.S. adults now smoke marijuana, while cigarette smoking is at an all-time low, according to a new Gallup poll. The survey, published on Monday, shows that 17 percent of Americans over the age of 18 now smoke cannabis-more than double the 7 percent who said they smoke marijuana when Gallup first
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.