Luna Stower Says On 280E; 70%-80% Of Business Costs Is Labor; Disproportionately Impacts Retailers; We Offer Self-Sealing Unit; Did All-In-One Where There Is Self-Seal And Has Auto-Filling Machine; Helps With Efficiency And Helps Offset 280E Cost To Cannabis Touching License Holders
Portfolio Pulse from Benzinga Newsdesk
Luna Stower discusses the impact of 280E on cannabis businesses, highlighting that 70%-80% of business costs are labor, which disproportionately affects retailers. They offer a self-sealing unit and an all-in-one solution with a self-seal and auto-filling machine to improve efficiency and help offset 280E costs for cannabis license holders.
April 16, 2024 | 6:44 pm
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POSITIVE IMPACT
ISPR may see a positive impact if they adopt the self-sealing and auto-filling solutions to offset 280E costs, potentially improving efficiency and reducing labor costs.
Given the significant portion of cannabis business costs attributed to labor, as highlighted by Luna Stower, ISPR's adoption of the mentioned technologies could lead to operational efficiencies and cost savings. This could make ISPR more competitive by potentially lowering its operational costs and improving margins.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
MSOS, as an ETF that includes cannabis-related companies, could see a positive impact if its holdings adopt the mentioned solutions to mitigate 280E costs, potentially leading to improved profitability among its constituents.
MSOS, by virtue of its investment in cannabis companies, could indirectly benefit from the adoption of efficiency-improving technologies like the self-sealing and auto-filling machines. As these technologies potentially reduce operational costs for cannabis companies, MSOS's holdings could become more profitable, positively affecting the ETF's performance.
CONFIDENCE 70
IMPORTANCE 55
RELEVANCE 60