Post by
blackspade799 on Jan 01, 2023 3:42pm
280E Work Arounds for 2023 in NJ California NY
Positive news for companies like CURA, Verano, who are in growing markets like NY, NJ, CT, MD who are in a very good position to take advantage of new laws being brought forth by Legal Cannabis States like NY, California and NJ to help exempt or give greater tax breaks to help curb the tax grabs from the greedy Federal Government. 280E State tax breakes will help small and large companies grow and help generate great tax dollars for legal cannabis states. This will help fund schools, public roads and build out law inforcement to crack down on illegal cannabis growers and retailers. Its always darkest before the dawn, when the shorts are screeming sell its usally a great time to buy! Cannabis is still growing and the sp's are at all time lows. Lets not forget the UK and German medical cannabis markets continues to grow, CURA is in a very good position to greatly capitalize on many fronts.
https://www.marijuanamoment.net/new-jersey-lawmakers-approve-bill-to-let-marijuana-businesses-claim-state-tax-deductions-as-partial-280e-workaround/
https://marijuanaguruji.com/new-york-marijuana-businesses-will-get-state-tax-exemption-despite-federal-280e-provision-under-budget-deal/
https://cannabisrealestateconsultants.com/california-section-280e-expenses-tax-code-law-ab37/
Comment by
blackspade799 on Jan 01, 2023 5:03pm
Small stat I forgot to add in 2019 the revenue of the medical cannabis market in the UK was less than 200 thousand U.S. dollars. By 2024 this revenue is expected to be approximately 1.3 Billion dollars. Curaleaf has one of the largest Medical Cannabis facilities in the UK. Germany’s medical market is expected to be much larger.
Comment by
TheProphetElijah on Jan 01, 2023 4:47pm
That last one regarding Cali is over 2 years old and has not happened. but this raises a good point to over ride 280e and give the feds the middle finger, after all it's what they did with failure to pass Safe which appeared to be a no brainer