Marcum CPA- Partner Neil Prasad Says 280E Is Going To Have Impact To Try And Settle Prior Tax Debt; Going To Be Cash Flows Generated
Portfolio Pulse from Benzinga Newsdesk
Neil Prasad, a partner at Marcum CPA, discusses the impact of 280E on settling prior tax debts, emphasizing the cash flows generated. This could affect companies in the cannabis sector, potentially impacting ETFs like MSOS.
October 08, 2024 | 3:36 pm
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NEUTRAL IMPACT
The discussion on 280E's impact on settling prior tax debts and cash flow generation could affect cannabis companies, impacting ETFs like MSOS.
280E is a tax code affecting cannabis companies, which could influence their financials and, in turn, impact ETFs like MSOS that invest in these companies. The news doesn't specify a positive or negative impact, hence a neutral score.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70