Chicago Atlantic Managing Partner Peter Sack Says With 280E going Away It Increases Cash Flow After Tax For Our Businesses And Clients
Portfolio Pulse from Benzinga Newsdesk
Chicago Atlantic's Managing Partner, Peter Sack, highlights the positive impact of the removal of 280E on cash flow for their businesses and clients. This change is expected to benefit companies in the cannabis sector, potentially affecting related ETFs like MSOS.
October 08, 2024 | 3:10 pm
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POSITIVE IMPACT
The removal of 280E is expected to increase post-tax cash flow for cannabis businesses, which could positively impact the MSOS ETF that focuses on the cannabis sector.
The removal of 280E will allow cannabis businesses to retain more cash after taxes, potentially leading to growth and increased valuations. As MSOS is an ETF focused on the cannabis sector, it stands to benefit from this regulatory change.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80