South Carolina Lawmakers Are Letting Hemp THC Products Stay Legal Until At Least Next Year
Key Takeaway
"With THC drinks, it's different from alcohol that you can smell or smokable marijuana that you can smell." By Skylar Laird, South Carolina Daily Gazette The official death knell of two bills means South Carolina's laws on driving under the influence won't get stricter this year, and sales of THC-infused products continue without limitations. Legislators left
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.
Oregon Cannabis Market Overview
Oregon has a well-established cannabis market with publicly available license data. The state is known for competitive pricing and a large number of craft producers. The state has approximately 2,000 active cannabis licenses and 9 licensed testing laboratories. There are 49 cannabis professionals serving Oregon businesses on our directory, including CPAs, attorneys, and compliance consultants.
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Congressional Research Service Questions Constitutionality of Cannabis Tax Section 280E
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.