Cannabis Chart Of The Week: How Much Will MSOs Save In Taxes From Elimination Of 280e?
Portfolio Pulse from Viridian Capital Advisors
The potential rescheduling of cannabis to Schedule 3 could eliminate 280e taxes, which have been negatively impacting cannabis companies by reducing their internally funded growth and limiting their debt capacity. The elimination of 280e could save these companies around $700M annually. The article mentions Ascend Wellness (OTC:AAWH), MariMed (OTC:MRMD), Green Thumb (OTC:GTBIF), and Verano (OTC:VRNOF) as companies that could benefit from this change.
September 18, 2023 | 8:36 pm
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POSITIVE IMPACT
Ascend Wellness could benefit from the elimination of 280e taxes.
The elimination of 280e taxes could improve Ascend Wellness's financial situation by reducing its tax burden, potentially leading to increased growth and profitability.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
Green Thumb could benefit from the elimination of 280e taxes.
The elimination of 280e taxes could improve Green Thumb's financial situation by reducing its tax burden, potentially leading to increased growth and profitability.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
MariMed could benefit from the elimination of 280e taxes.
The elimination of 280e taxes could improve MariMed's financial situation by reducing its tax burden, potentially leading to increased growth and profitability.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
Verano could benefit from the elimination of 280e taxes.
The elimination of 280e taxes could improve Verano's financial situation by reducing its tax burden, potentially leading to increased growth and profitability.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75