Marijuana's reclassification is 'long overdue' by the DEA: Curaleaf CEO

📆 9/1/2023 10:09 PM
📰 YahooFinanceCA

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Following urgings by the U.S. Department of Health & Human Services, DEA officials could reclassify marijuana's drug status to that of a Schedule III substance. Curaleaf (CURLF) CEO Matt Darin joins Yahoo Finance Live to discuss what new regulation could mean for the cannabis industry and certain banking system oversights. 'We think this is going to be a massive catalyst,' Darin describes. 'The biggest impact from a financial standpoint will be the removal of the draconian 280E section of the tax code that has really become untenable for our regulated industry.' Darin outlines the higher tax rates cannabis distributors incur, emphasizing the fact that the U.S. government 'collects more state taxes from cannabis than they do from alcohol.' He comments on the outlook and expansion of the cannabis industry on marijuana's potential reclassification.

You'll be surprised to learn that Dubai has these ten things...It’s another good day for Taylor Swift. Having turned live music on its head with her Eras concerts, the singer has now lobbed a bombshell into the American movie business. Out of the blue on Thursday, she announced via social media that a big screen presentation of the Eras tour would be coming to US cinemas beginning October 13.

Elon Musk was staying in a Vancouver hotel with Grimes as he weighed up whether to buy Twitter, and played video games on a laptop all night.Charles Krupa/APWelcome to Trail Mix, a fun but nutritious snack for your election news diet. See something interesting on the trail? Email me at jake.lahut@thedailybeast.com.Quinn Mitchell has seen at least 35 presidential candidates in person since 2019, when he first started showing up at New Hampshire primary events to ask them questions.

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