Live Now At Benzinga's Cannabis Capital Conference: Life After 280E, Different Companies, Different Scenarios: More Money For All?
Portfolio Pulse from Benzinga Newsdesk
The Benzinga Cannabis Capital Conference discusses the impact of the potential repeal of the 280E tax code on cannabis companies. The focus is on how different companies might benefit financially from this change.
October 08, 2024 | 3:03 pm
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POSITIVE IMPACT
The potential repeal of the 280E tax code could significantly benefit cannabis companies, including those in the MSOS ETF, by increasing their profitability.
The 280E tax code currently limits the ability of cannabis companies to deduct business expenses, impacting profitability. Its repeal would allow these companies to deduct expenses like other businesses, potentially increasing their net income. MSOS, an ETF focused on cannabis companies, would likely benefit from improved financial performance of its holdings.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80