Trump Is Losing Support From Marijuana Consumers As Rescheduling Process Sees More Delays, Poll Shows
Key Takeaway
Marijuana consumers' support for the Trump administration's actions on cannabis continues to decline as completion of a federal rescheduling proposal remains stalled amid procedural delays in an ongoing hearing on the reform, a new survey shows. The latest quarterly presidential approval tracking poll from NuggMD and Marijuana Moment shows that 29 percent of marijuana consumers
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.