Cannabis Rescheduling Could Boost Profits By 25% If Federal Tax Rules Change, Says Expert
With federal cannabis rescheduling possibly on the horizon, industry leaders are analyzing the potential impacts this regulatory shift could have on the financial landscape of cannabis businesses.
Experts have weighed in on the potential implications of rescheduling, particularly concerning access to traditional banking services and capital markets. One such expert, Laurie Parfitt, founder and CEO of LKP Impact Consulting and upcoming speaker at the Benzinga Cannabis Capital Conference, offers a detailed perspective on how these changes might affect the industry.
Financial Ramifications Of Rescheduling
The potential removal of the federal tax provision 280E is a critical point of discussion in the rescheduling debate. Parfitt highlights that eliminating 280E could lead to a 20-25% increase in the bottom lines of cannabis …