Biden's Greenlight: What To Know About Fed-Regulated Marijuana, Markets, Legal Circuits And Compliance
Portfolio Pulse from Nicolás Jose Rodriguez
The DEA's decision to reschedule cannabis from Schedule I to Schedule III could significantly impact the cannabis industry, including tax changes, new regulations, and potential insurance coverage. Companies like Trulieve could see substantial financial benefits, while pharmacies like Walgreens may eventually dispense cannabis pending FDA approval.
May 16, 2024 | 8:41 pm
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POSITIVE IMPACT
Trulieve could see a 500% increase in cash flow due to the removal of IRS code 280e, allowing cannabis companies to deduct expenses like normal companies.
The removal of IRS code 280e will allow Trulieve to deduct expenses, significantly improving its financial performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Walgreens could potentially dispense cannabis in the future, pending FDA approval and the establishment of standardized production and packaging.
FDA approval and standardized production are necessary steps before Walgreens can dispense cannabis, which could open new revenue streams.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70