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Bjones2

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Bjones2

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Thursday, 08/31/2023 5:54:49 AM

Thursday, August 31, 2023 5:54:49 AM

Post# of 183539
Huge Tax Savings for Cannabis companies with rescheduling

Cannabis stocks jump as feds call for easing restrictions
By John Pletz

August 30, 2023 12:16 PM UPDATED 12 HOURS AGO
Cannabis stocks jumped on news that the federal government is moving closer to reclassifying marijuana, which would cut taxes on companies at a time when they desperately need the cash. Verano Holdings jumped 20% to $3.20 per share. Green Thumb Industries shares rose 18% to $8.15 and Cresco Labs stock climbed 13% to $1.15. All three companies are based in Chicago.
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