Aug. 21 at 11:47 PM
$TLRY Beau Kilmer:
They would benefit from this.
“There's a part of the internal revenue code or the tax code which specifically says that, if a entity is trafficking a Schedule I or Schedule II drug, that means that they can't deduct normal business expenses under federal taxes. So if you were to move cannabis from Schedule I to Schedule III, those businesses would then be allowed to deduct those expenses.”
https://www.pbs.org/newshour/amp/show/how-the-reclassification-of-marijuana-could-impact-users-businesses-and-research
