Trump Says Medical Marijuana Is ‘The Best Of All The Alternatives’ For People Suffering With Illnesses
Key Takeaway
President Donald Trump highlighted the medical benefits of marijuana on Thursday, hours after the Department of Justice announced it is moving ahead with a cannabis rescheduling proposal. “A lot of people are suffering from big problems, which this seems to be the best answer,” the president said in the Oval Office. “They’re very happy about […] The post Trump Says Medical Marijuana Is ‘The Best Of All The Alternatives’ For People Suffering With Illnesses 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.