Our latest report reviews the proposed legislation’s industry impact across a range of issues including the de-scheduling of cannabis, federal tax structure, designation of regulatory agencies and governance policies, and expungement of cannabis convictions. Download Your Free Copy Now Key Report Findings: Political Dynamics: The legislation will most-likely face opposition from both progressive Democrats and Republicans, jeopardizing passage without significant changes. Federal Taxation: The proposed federal tax schedule, while eliminating the high tax burden ofS. Code 280E, will impose burdensome compliance requirements for cannabis businesses while significantly increasing retail costs for consumers via the 25% federal tax rate. FDA Oversight: The potential issues raised by FDA oversight of cannabis products were largely unaddressed despite the significant impact on the industry. Social Equity Incentives: The legislation proposes record expungement of 500,000+ cannabis-related arrests annually, and funds business incentives for those most impacted by cannabis prohibition, yet state participation is not mandated.
Excerpt only …
READ MORE BELOW
Source : New Frontier Data Publication: Up In Smoke – Analysis of the Cannabis Administration & Opportunity Act
reposted by Cannabis News World