420 with CNW — How Federal Reclassification Could Reshape Marijuana Taxes
Last December, President Trump signed Executive Order 14067, titled “Increasing Medical Marijuana and Cannabidiol Research.” The directive calls for marijuana to be reclassified from Schedule 1 to 3 under the Controlled Substances Act (CSA), a move that could reshape the financial landscape for cannabis businesses. The proposal is not yet in effect. It must pass through a federal rulemaking process and may face legal challenges along the way. Even so, industry participants are already evaluating what a lower tax burden could mean for their operations, long-term planning, and expansion strategies. A key issue is Section 280E of the Internal Revenue Code, which currently blocks companies involved…

















