TCNNF - Trulieve CEO: Federal Rescheduling Could Change Heavy Tax Burden For Cannabis Industry | Benzinga
"It's not if, it's just when," said Kim Rivers, CEO of Trulieve Cannabis Corp (OTCQX: TCNNF), regarding the recent recommendation by the Health and Human Services Department (HHS) to the Drug Enforcement Administration (DEA) regarding the rescheduling of cannabis.
In a recent interview with Maureen Meehan, Benzinga cannabis editor, Rivers expressed her enthusiasm and optimism regarding this potential change in federal cannabis classification, which would effectively remove cannabis from the federal prohibited list.
"The reduction of cannabis from a Schedule I to a Schedule III is monumental and that has significant practical impacts for our business," Rivers said.
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Federal Cannabis Rescheduling & Its Impact On Business Operations
Rivers stressed how cannabis businesses have been obliged to operate with cash-only due to ...