Ross Gerber: Outdated Federal Laws Cripple Cannabis Industry, Hurt US Economy
Ross Gerber, co-founder, president, and CEO of Gerber Kawasaki Wealth and Investment Management, is sounding the alarm on the detrimental impact of outdated federal laws on the cannabis industry and the broader U.S. economy.
As a leading investor and vocal advocate for cannabis reform, Gerber will address these pressing issues at the upcoming Benzinga Cannabis Capital Conference in Chicago this October.
The Cost of Federal Restrictions on Cannabis
Gerber highlights a critical issue: the federal government’s outdated stance on cannabis. “The federal government’s over-taxation of cannabis companies is not just stifling their growth; it’s also costing the U.S. economy valuable contributions from an industry that is ready to thrive,” he said.
He believes that the current legal framework, particularly the 280E tax code, imposes severe financial burdens on cannabis businesses, making it challenging for them to operate profitably.
Gerber emphasizes that the inability of U.S. cannabis companies to access traditional financial services and …