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News analysis

Study finds US cannabis sector in crisis, but possible rescheduling offers hope

Written by || 2nd October 2023 || News analysis | Regulation and legislation | GeographiesNorth America United States

US cannabis rescheduling could eventually lead to companies saving around $2bn a year in federal taxes, a recent cannabis economics report claims.

Recommendations from the US Department of Health and Human Services (HHS) to reschedule cannabis to schedule III under the US Controlled Substances Act are likely to eventually allow businesses to deduct their business expenses on their federal tax returns.

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This article was written by one of CannIntelligence’s international correspondents. We currently employ more than 40 reporters around the world to cover individual cannabis and cannabinoid markets. For a full list, please see our Who We Are page.

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