DEA Approvals Could Bring Big Tax Benefits for Medical Marijuana Businesses
The move could allow more than 900 state-licensed dispensaries to claim federal tax deductions after years of being blocked by Schedule I status.
- 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.
28 Articles
28 Articles
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...
DEA begins granting federal approval to over 900 medical marijuana dispensaries
The Trump administration has begun granting federal approval to more than 900 medical marijuana dispensaries across several states, the Department of Justice announced on Friday. The Drug Enforcement Administration is moving forward with issuing registrations for hundreds of dispensaries in Alabama, Florida, Mississippi, South Dakota, Texas, Virginia, and West Virginia. The dispensaries were required to […]
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