The Latest News Cannabis Investors Need to Know
Cannabis investors haven’t been treated well as cannabis stocks trade at all-time low valuations. That’s not a bad thing if you’re looking to invest in a theme that’s on the cusp of realizing its true potential when legalization finally happens. But it won’t be one sudden event. The most progress being made right now is a proposal to reclassify cannabis from a Schedule I drug to a Schedule III drug. Let’s just forget how absolutely mental the drug schedules are. If this happens, it means cannabis companies will be taxed on net income, not gross profits. That’s currently handicapping cannabis companies along with a dozen other things because cannabis remains illegal at a Federal level. If you’re a cannabis investor, or thinking about investing in weed stocks, you’ll want to check out this list of 10 MSOs offered up by the cannabis investing experts over at KEY Investment Partners. If you’re looking for all the latest cannabis news, this is 14 minutes you’ll want to spend.
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