Problems Finding Ibogaine To Be Used In Research Could Slow Trump Administration's Psychedelic Therapy Push For Veterans, VA Secretary Says
Key Takeaway
The Trump administration is seeking to accelerate efforts to provide access to psychedelics for military veterans and others who may benefit from their therapeutic impact, but that push may be slowed when it comes to sourcing a particular substance to be used in studies, the head of the Department of Veterans Affairs (VA) says. VA
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.