DEA Approvals Could Bring Big Tax Benefits for Medical Marijuana Businesses
The approvals could unlock federal tax benefits and expand access to chronic pain treatment as nearly 7,000 other businesses await review, officials said.
- On Friday, the Drug Enforcement Administration issued registrations to more than 900 state-licensed medical cannabis dispensaries, a move under President Donald Trump that could enable federal tax benefits long denied the industry.
- Attorney General Todd Blanche's April order moved state-legal medical marijuana from Schedule I to Schedule III, establishing the foundation for this "first phase" of federal recognition and legitimizing medical programs in 40 states.
- Historically, state-licensed cannabis businesses could not deduct normal expenses like rent or labor from federal taxes due to their Schedule I status; registering with the DEA is expected to provide immense financial relief.
- Steph Sherer, founder of Americans for Safe Access, called the registrations a "tremendous victory for patient access," noting the timing aligns with California's 30th anniversary of medical legalization, while Chris Lindsey of the American Trade Association for Cannabis and Hemp welcomed the program.
- Nearly 7,000 other cannabis dispensaries have applied for similar registration, though it remains unclear how the DEA will treat businesses handling both medical and adult-use cannabis or whether applicants with criminal histories will be approved.
47 Articles
47 Articles
Los Angeles Times
The U.S. anti-narcotics agency has for the first time issued records for medical marijuana dispensaries, a bureaucratic maneuver under President Donald Trump's historic reclassification of this drug, which could pave the way for companies to receive tax benefits that have long been denied to the sector.
DEA approvals could bring big tax benefits for medical marijuana businesses - WXXV News 25
By GENE JOHNSON The U.S. Drug Enforcement Administration has for the first time issued registrations to medical marijuana dispensaries, a bureaucratic maneuver under President Donald Trump’s historic rescheduling of the drug that could pave the way for the businesses to receive tax benefits long denied the industry. The agency issued the registrations Friday to more than 900 state-licensed dispensaries in...
DEA Refuses To Approve Marijuana Businesses In States That Allow Dual Medical And Recreational Licensing
While the Department of Justice announced on Friday that it has given federal registration and protections to more than 900 medical cannabis businesses across the U.S., it is also refusing to extend such approvals to cannabis operators in certain states. According to an order DEA officials sent to a marijuana business in Minnesota, the agency […]
DEA approvals could bring big tax benefits for medical marijuana busin
The U.S. Drug Enforcement Administration has for the first time issued registrations to medical marijuana dispensaries, a bureaucratic maneuver under President Donald Trump’s historic rescheduling of the drug that could pave the way for the businesses to
DEA approvals could bring big tax benefits for medical marijuana businesses – WTOP News
The U.S. Drug Enforcement Administration has for the first time issued registrations to medical marijuana dispensaries, a bureaucratic maneuver under President Donald Trump’s historic rescheduling of the drug that could pave the way for the businesses to receive tax benefits long denied the industry. The agency issued the registrations Friday to more than 900 state-licensed...
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