New Frontier Data Publication: Up In Smoke – Analysis of the Cannabis Administration & Opportunity Act

Our latest report reviews the proposed legislation’s industry impact across a range of issues including the de-scheduling of cannabis, federal tax structure, designation of regulatory agencies and governance policies, and expungement of cannabis convictions.

Key Report Findings:

  • Political Dynamics: The legislation will most-likely face opposition from both progressive Democrats and Republicans, jeopardizing passage without significant changes.
  • Federal Taxation: The proposed federal tax schedule, while eliminating the high tax burden ofS. Code 280E, will impose burdensome compliance requirements for cannabis businesses while significantly increasing retail costs for consumers via the 25% federal tax rate.
  • FDA Oversight: The potential issues raised by FDA oversight of cannabis products were largely unaddressed despite the significant impact on the industry.
  • Social Equity Incentives: The legislation proposes record expungement of 500,000+ cannabis-related arrests annually, and funds business incentives for those most impacted by cannabis prohibition, yet state participation is not mandated.

Primary Sponsor

 


Karma Koala Podcast

Top Marijuana Blog