May. 2 at 5:18 PM
$MSOS $GTBIF $CURLF $TCNNF
Based on projected 2026 tax reforms in the United States, major Multi-State Operators (MSOs) that currently pay high taxes under IRC Section 280E are positioned to benefit the most from rescheduling cannabis to Schedule III.
Green Thumb Industries (OTC: GTBIF): Often cited as a primary beneficiary because it is already profitable, with management estimating an additional
$60 million in annual free cash flow upon rescheduling.
Curaleaf Holdings (OTC: CURLF): As one of the largest MSOs with a vast U.S. presence, it stands to save roughly
$116 million on 280e-related taxes for the 2025 fiscal year.
Trulieve Cannabis (OTC: TCNNF): With dominant market share in Florida and a large retail footprint, Trulieve is poised for massive tax savings, with potential for hundreds of millions in savings.
In summary, investors are prioritizing the immediate cash flow improvements of U.S.-focused MSOs over the long-term, more speculative, and dilutive approach of
$TLRY
