Media Article: With cover of rescheduling, MSOs already trying to seize 280E tax savings

Publicly traded cannabis companies are looking to their tax returns to said tens of million of dollars this year – and possibly recoup taxes paid in previous years.

Another spate of announcements from multistate operators that have begun amending their federal returns to varying degrees came out in recent investor calls. The moves are based on both the Biden administration’s recent cannabis rescheduling announcement and a pending legal case that could eventually bolster bottom lines.

Among the companies throwing their hat into the ring for this round – all of which are following the lead of Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) earlier this year – are:

• Planet 13 Holdings Inc. (CSE: PLTH) (OTCQX: PLNH)
• TerrAscend Corp. (TSND: CA)
• The Cannabist Co. Holdings Inc. (OTCQX: CBSTF)

And they’re all already considering how to put the extra cash to use.

Read their article at

https://www.greenmarketreport.com/with-cover-of-rescheduling-msos-already-trying-to-seize-280e-tax-savings/