End Of IRS' 280E On The Horizon? What Cannabis Rescheduling Means For Business Tax Deductions
End Of IRS' 280E On The Horizon? What Cannabis Rescheduling Means For Business Tax Deductions
The cannabis industry may be on the verge of significant financial relief with the Biden administration's proposal to reclassify cannabis to Schedule III of the Controlled Substances Act. This reclassification would eliminate the oppressive restrictions of Section 280E of the Internal Revenue Code, which prevents cannabis businesses from deducting typical business expenses.
随着拜登政府提议将大麻重新分类到《受控物质法》第三级,大麻行业可能即将获得重大财务救济。这种重新分类将消除《国内税收法典》第280E条的压制性限制,该法条阻止大麻企业扣除常规的业务费用。
Potential Profit Boost From Cannabis Reclassification
大麻重新分类可能会增加潜在利润
The proposed rescheduling could change the landscape dramatically. According to MJBizDaily guest columnists Neil Prasad and Martin Martinez, both part of Marcum LLP, reclassification would allow cannabis companies to deduct business expenses, aligning them with businesses in other industries. This shift could lead to increased profitability through reductions in taxable income, potentially lowering prices for consumers and making medical cannabis more accessible.
提议中的重新分级可能会彻底改变情况。根据MJBizDaily客座专栏作家尼尔·普拉萨德和马丁·马丁内斯(都是Marcum LLP的一部分),重新分类将允许大麻公司扣除业务费用,使其与其他行业的企业保持一致。这种转变可能会通过减少应税收入而增加盈利能力,潜在降低消费者的价格,使医用大麻更易得到。
Tax Changes Could Propel Cannabis Industry Growth
税收变化可能推动大麻行业的增长
Moreover, as Prasad and Martinez note, if cannabis is rescheduled these companies could claim a full spectrum of business deductions, aligning their tax treatment with that of other industries. The potential for deducting ordinary business expenses would transform the economic landscape for cannabis companies, allowing for:
此外,正如普拉萨德和马丁内斯所指出的那样,如果大麻重新分级,这些公司可以享受到各种业务扣除,使它们的纳税待遇与其他行业相一致。扣除普通业务费用的潜力将改变大麻公司的经济格局,允许:
- Reinvestment In Operations: Freed funds could be channeled back into business expansion, research and development, and innovation, driving further growth in the sector.
- Lower Consumer Prices: Reductions in operational costs could be passed on to consumers, potentially making medical cannabis more accessible and affordable.
- Improved Financial Services: With reduced stigma, cannabis companies might find it easier to obtain loans, credit lines, and banking services.
- Competitive Market Pricing: Enhanced tax relief could foster more competitive pricing, decreasing the allure of the illicit market.
- 重新投资经营:获得的资金可以用于业务扩展、研发和创新,进一步推动该行业的增长。
- 降低消费者价格:操作成本的降低可以转嫁给消费者,可能使医用大麻更加可及和负担得起。
- 改善金融服务:随着消除污名化,大麻公司可能更容易获得贷款、信贷额度和银行服务。
- 竞争市场价格:增强的税收减免可能促进更具竞争力的定价,降低非法市场的吸引力。
Read Also: Will Biden's Shaky Debate Performance Affect Cannabis Reform? How A Trump Return Could Reshape Marijuana Policy
阅读更多:拜登的动摇辩论表现是否会影响大麻改革?特朗普的回归可能会如何重塑大麻政策
IRS Maintains Tax Rules For Now
目前,如果没有最终的重新分类规则公布,IRS将继续执行现行的税收规则。已提交修正申报要求退税280E所交税金的企业被拒绝。主要运营商如trulieve cannabis corp(OTC:TCNNF)、TerrAscend Corp(OTC:TSNDF)和Ascend Wellness Holdings Inc(OTC:AAWH)已经提交了大额退款申请,凸显了这一行业渴望减税的渴望。
The IRS has reiterated that current tax rules remain in place until the final rescheduling rule is published. Businesses filing amended returns seeking refunds for taxes paid under 280E have been denied. Major operators like Trulieve Cannabis Corp (OTC:TCNNF), TerrAscend Corp (OTC:TSNDF) and Ascend Wellness Holdings Inc (OTC:AAWH) have already filed for substantial refunds, highlighting the industry's eagerness for tax relief.
这一税法变革带来的潜在经济收益可能将是一个转折点,标志着向其他行业取得财务平衡的重要一步,并有助于大麻产业的整体稳定和增长。
The potential financial benefits of this tax code change could be a game-changer, marking a significant step towards financial parity with other sectors and contributing to the overall stability and growth of the cannabis industry.
现在是投资大麻股的时候了吗?行业专家的趋势和长期预测
- Is Now The Time To Invest In Cannabis Stocks? Trends And Long-Term Predictions From Industry Experts
Cannabis rescheduling seems to be right around the corner. Want to understand what this means for the future of the industry? Hear directly for top executives, investors and policymakers at the 19th Benzinga Cannabis Capital Conference, coming to Chicago this Oct. 8-9. Get your tickets now before prices surge by following this link.
大麻重新调度似乎就在眼前。想了解这对行业未来意味着什么?10月8日至9日,来芝加哥参加第19届Benzinga大麻资本大会,听取高管、投资者和政策制定者的直接意见。立即购票,避免价格飙涨,请关注此链接.