Reaching consensus on hotly debated issues is rare in the cannabis space, especially when it comes to potential ramifications of marijuana rescheduling.
Some industry experts, such as cannabis hedge fund manager Patrick Rea, are optimistic that a wall of capital will flow into the sector, given the right catalyst.
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Others, including banker Peter Su, remain skeptical of any sea change related to investments, given the federal government’s prohibition on marijuana.
MJBizDaily interviewed several finance experts to learn their perspectives about the likelihood a tsunami of capital will hit the industry if and when rescheduling occurs.
Rescheduling marijuana
Rea believes investor sentiment will change if both rescheduling and the elimination of tax burden Section 280E occur, because operator profitability will increase significantly.
Section 280E
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