Comment on “A big deal”: What the feds’ move to reclassify marijuana means for Colorado cannabis

“A big deal”: What the feds’ move to reclassify marijuana means for Colorado cannabis

Cannabis advocates in Colorado cheered the Biden Administration’s reported move to reclassify marijuana and said the decision likely would reduce businesses’ tax burden significantly. Industry leaders cautioned that such a move — if finalized — would not resolve some major challenges facing the industry, such as limited access to banking. But they pointed to the symbolic importance of preparations by the U.S.

 

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