US Cannabis Major Reports $208M Q1 Revenue and Initiates $20M Buyback
Cannabis stocks have been in motion since April 23, when the Trump administration moved to reclassify cannabis from Schedule I to Schedule III under the DEA's controlled substances framework. As reported by CNBC, the shift does not legalize marijuana federally, but it removes longstanding research barriers, opens banking access that was previously blocked, and critically, exempts cannabis companies from IRS Code Section 280E. This exemption allows operators to deduct standard business expenses like rent and payroll for the first time, a change with direct, material implications for ...
AllPennyStocks.com·18d ago