The U.S. Now Has Almost 4 Million Registered Medical Marijuana Patients And 35,000 Doctors Approved To Recommend It, New Research Shows
Key Takeaway
There are nearly 4 million patients registered to use medical marijuana under state laws in the U.S., as well as at least 35,000 doctors and clinicians approved to recommend it and nearly 110,000 caregivers authorized to assist patients in growing and obtaining cannabis products, according to a pair of new studies published by the American
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.