TerrAscend Executive Chairman Jason Wild Says: Main Thrust Of Argument Is State Leader Cannabis Operators Not Considered In Violation Of Controlled Substance Act; 280E; We Want Cannabis Companies To Be Treated Like Any Industry; If And When We Win The Case, 280E Will Go Away
Portfolio Pulse from Benzinga Newsdesk
TerrAscend's Executive Chairman, Jason Wild, argues that state leader cannabis operators should not be considered in violation of the Controlled Substance Act and should be treated like any other industry. He emphasizes the importance of winning a case that would eliminate the 280E tax code, which currently affects cannabis companies.
October 08, 2024 | 2:51 pm
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POSITIVE IMPACT
The potential elimination of the 280E tax code could positively impact cannabis ETFs like MSOS by improving the financial outlook of its holdings.
MSOS, as a cannabis-focused ETF, would benefit from improved financial performance of its holdings if the 280E tax code is eliminated, potentially leading to a positive impact on its price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
TerrAscend's push to eliminate the 280E tax code could significantly benefit the company by reducing tax burdens, potentially improving profitability.
TerrAscend is directly involved in the legal push to eliminate the 280E tax code. Success in this case would reduce tax burdens, likely improving the company's financial performance and stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100