Emily Paxhia, a cofounder and managing partner of Poseidon Asset Management, agreed with Baruchowitz and says those companies are set to"explode" if the 280E rule is removed.
While it may seem counterintuitive to invest in companies affected by 280E, it's actually a smart way to take advantage of impending changes in federal policy. , a modest cannabis reform bill, in April. While that bill does not explicitly remove the 280E penalty, many analysts and industry watchers say it's only a matter of time before the federal government takes action.
which would remove cannabis from the list of federally controlled substances, thereby eliminating cannabis companies from being subject to 280E. But the Senate's 50-50 split means there are slim prospects for full-scale legalization passing during this legislative session. "There are a lot of people who think there's going to be this blinking green light that says 'now's the time to invest in cannabis,'" Baruchowitz said."And I think people who keep waiting for this magic moment are missing the fact that every day more people buy cannabis who were illegal buyers. The market is enormous."
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