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Federal Marijuana Rescheduling Could Slash Cannabis Taxes

President Trump's Executive Order to reschedule marijuana from Schedule 1 to 3 could reshape cannabis taxes, benefiting firms like Trulieve. Learn how IRS Section 280E relief impacts cannabis businesses.

This news matters because federal rescheduling of marijuana from Schedule 1 to Schedule 3 would allow cannabis businesses to deduct standard business expenses, slashing effective tax rates from up to 70% to normal corporate levels. For companies like Trulieve, this could mean millions in savings, improving profitability and enabling reinvestment. Investors should watch this development as it could trigger a wave of consolidation and growth in the legal cannabis market, making it a pivotal moment for the industry.