14 news items
Cannabis Stocks Rallied After Rescheduling News, Investment Management Firm Co-Founder Discusses Impact And Next Steps
AAWH
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20 May 24
by stringent regulations and high taxes.
Canopy Growth Led The Surge
The Canadian giant
EXCLUSIVE - System Of A Down's Shavo On Cannabis Rescheduling: 'Still A Long Way To Go But It's A Huge Milestone'
CBSTF
CGC
TCNNF
17 May 24
. With cannabis moving to Schedule III, businesses will no longer be subjected to the onerous 280E tax code, which has prevented them from deducting normal
Weed Industry Celebrates Biden's Rescheduling Move: 'Most Monumental Cannabis Reform In Half A Century'
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16 May 24
of moving cannabis to Schedule III in terms of taxes. “The end of the 280E tax code for cannabis businesses will allow us to operate our business
Breathalyzer Innovations Meet Rising Demand as Cannabis Market Booms
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CURLF
16 May 24
or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult
Canopy Growth Expands U.S. Reach By Acquiring These Two Key Cannabis Brands
CGC
7 May 24
Canopy’s operations by enabling the deduction of business expenses previously prohibited under U.S. tax laws.
The integration of Wana
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ACB
CGC
TLRY
7 May 24
financial outcomes could include approximately $1.1 billion in cash flow improvements across the sector due to the removal of tax burdens under
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ACB
AKAN
CGC
6 May 24
million in new sales tax revenue annually if voters enact it. Those figures could increase considerably if lawmakers opted to impose
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CGC
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GTBIF
1 May 24
in the tax law.
If marijuana transitions from Schedule I to III, cannabis companies will be able to write off standard corporate deductions
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ACB
CGC
MAPS
30 Apr 24
to Schedule III, including potentially ending the restrictive 280e tax penalty
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ACB
AKAN
CGC
30 Apr 24
not federally legalize marijuana. It would, however, remove research barriers and allow state-licensed cannabis businesses to take federal tax deductions
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CGC
OGI
TLRY
17 Apr 24
The Canadian government unveiled its 2024 budget on Tuesday and there was no excise tax relief for cannabis companies
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ACB
AKAN
CGC
25 Mar 24
on cannabis banking issues by passing legislation that will enhance public safety, tax collection and transparency," ABA President Rob Nichols said in a press
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ACB
CGC
CURLF
15 Mar 24
? This shift could also translate to lower taxes for cannabis companies that are now burdened by IRS tax code 280E which forbids them from
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ACB
AKAN
CGC
11 Mar 24
to Schedule III would not federally legalize it. State cannabis businesses would be able to start taking federal tax deductions that they're currently barred
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