3 Stocks That Will Benefit the Most From Cannabis Rescheduling
The Drug Enforcement Administration is looking to reschedule marijuana from a Schedule I substance down to Schedule III. The move would mean marijuana is no longer grouped in with ecstasy, heroin, and other harmful substances, and it would be a recognition that there is some medicinal benefit to using pot.
For U.S.-based cannabis companies, it would be a big win as it would mean they would be able to make more tax deductions since Section 280E of the tax code would no longer apply.
Three of the largest multi-state operators (MSOs) that would have the most to gain from the rescheduling of cannabis are Curaleaf Holdings (OTC: CURLF), Green Thumb Industries (OTC: GTBIF), and Trulieve Cannabis (OTC: TCNNF). Here's a look at each company.
Source Fool.com
