DEA changes on pot will have a huge impact on that industry, easing tons of restrictions on the tax and financial side. I have been saying for a couple of years that if the Dems want to win, they need to figure out how to legalize pot. They just might do it! I don’t consume news, so I have no idea what sort of media coverage this is getting.
I am also curious what this change will mean for pricing on the product since having business deductions will significantly decrease the tax burden. If price stays the same, profits soar by 15-30% or do you get some dispensaries competing on price and the race to zero or low profit??
DEA changes on pot will have a huge impact on that industry, easing tons of restrictions on the tax and financial side. I have been saying for a couple of years that if the Dems want to win, they need to figure out how to legalize pot. They just might do it! I don’t consume news, so I have no idea what sort of media coverage this is getting.
I am also curious what this change will mean for pricing on the product since having business deductions will significantly decrease the tax burden. If price stays the same, profits soar by 15-30% or do you get some dispensaries competing on price and the race to zero or low profit??