AdvisorShares VP Of Marketing Mackenzie Peterson Says [Getting Rid Of 280E] It Benefits Everyone Generally, I See Companies Able To Take That Additional Cash And Really Push It Further
Portfolio Pulse from Benzinga Newsdesk
AdvisorShares VP of Marketing, Mackenzie Peterson, discusses the benefits of removing 280E, suggesting that companies can use the additional cash to further their business. This could positively impact cannabis-focused ETFs like MSOS and YOLO.
October 08, 2024 | 3:18 pm
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POSITIVE IMPACT
The removal of 280E could allow cannabis companies to reinvest more cash, potentially benefiting MSOS, an ETF focused on the cannabis sector.
MSOS is an ETF that invests in cannabis companies. The removal of 280E would allow these companies to retain more cash, potentially leading to growth and increased valuations, benefiting MSOS.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
YOLO, a cannabis-focused ETF, could benefit from the removal of 280E as companies in its portfolio may have more cash to reinvest.
YOLO invests in cannabis companies, which would benefit from the removal of 280E by having more cash to reinvest, potentially leading to growth and higher valuations.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80