New Congressional Bill Wrongly Targets Cannabis As 'High-Risk' Industry For Online Scams (Op-Ed)
Key Takeaway
"Licensed cannabis operators aren't the scam. They're the safe, tested alternative." By Amy Deneson, Cannabis Media Council A recently filed bipartisan bill in Congress would label cannabis advertising "high-risk." The industry already has a better solution: self-regulations with high standards. Congress is right to take on online scams. Fraudsters target older Americans on the same
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.