Senate Committee Schedules Hearing On Bill To Support Psychedelics Research And Treatment For Veterans
Key Takeaway
A U.S. Senate committee has scheduled a hearing for next week on a bipartisan bill to promote research into the therapeutic potential psychedelics by creating a new office in the Department of Veterans Affairs (VA) that would advance the development innovative treatments for serious mental health conditions and assist in reviewing the scheduling status of drugs […] The post Senate Committee Schedules Hearing On Bill To Support Psychedelics Research And Treatment For Veterans 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.