From Benzinga's Cannabis Capital Conference: Former Member Of Congress And Holland & Knight Partner Hon. Ed Perlmutter Said DEA Will Help With 280E And So Forth, And Hopefully We'll See A Decision This Week, Or Soon
Portfolio Pulse from Benzinga Newsdesk
At Benzinga's Cannabis Capital Conference, former Congressman and Holland & Knight partner, Hon. Ed Perlmutter, mentioned that the DEA is expected to assist with tax issue 280E, with a decision anticipated this week or soon.
April 16, 2024 | 3:33 pm
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NEUTRAL IMPACT
The DEA's decision on 280E is unlikely to have a direct short-term impact on SPY, given its broad diversification across sectors.
While the DEA's decision on the 280E tax issue is significant for the cannabis sector, SPY's diversified nature across multiple sectors means this specific regulatory change is unlikely to have a direct, material impact on its short-term performance.
CONFIDENCE 80
IMPORTANCE 10
RELEVANCE 20
POSITIVE IMPACT
The DEA's potential assistance with tax issue 280E could positively impact the U.S. cannabis sector, potentially benefiting MSOS.
The DEA's involvement in resolving the 280E tax issue could lead to significant regulatory relief for cannabis companies in the U.S., potentially improving profitability and operational efficiencies. As MSOS tracks U.S. cannabis operators, any positive regulatory changes could enhance its performance.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 80