U.S. Cannabis Recap: Reviewing The Space Ahead Of A Fresh Five-Session Set
Portfolio Pulse from Todd Harrison
The U.S. cannabis sector has been under pressure with low volume and sentiment. However, the sector saw a significant development when the Department of Health and Human Services (HHS) recommended moving marijuana to a Schedule III designation, which would lower the effective tax rate for U.S. plant-touching companies from 70%+ to a normal rate. This could potentially lead to a 2-3x turn for U.S. cannabis plant-touching securities. The U.S. cannabis ETF (MSOS) has been under pressure, but the potential regulatory changes could have a positive impact.
September 10, 2023 | 9:58 pm
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POSITIVE IMPACT
The U.S. cannabis ETF (MSOS) could see a positive impact from the potential regulatory changes. The ETF has been under pressure, but the potential lowering of the tax rate for U.S. plant-touching companies could boost the ETF.
The potential regulatory changes could lower the tax rate for U.S. plant-touching companies, which could boost the U.S. cannabis ETF (MSOS). The ETF has been under pressure, but the potential changes could have a positive impact.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100