White House Press Secretary Sean Spicer Has Suggested That Trump Will Push For More Stringent Federal Enforcement On Recreational Pot In The Future.

Businesses that sell an illegal substance are barred by U.S. tax code 280E from deducting normal businesses expenses when preparing their taxes. This means being taxed on gross profits instead of net profits. And, of course, there’s the Trump/Sessions factor. Donald Trump, while colorado marijuana business fairly supportive of medicinal marijuana, hasn’t been as open to recreational marijuana of late. White House press secretary Sean Spicer has suggested that Trump will push for more stringent federal enforcement on recreational pot in the future. Likewise, Attorney General Jeff Sessions has made no secret of his dislike for marijuana while in the Senate or in his new role as attorney general. Holy cow! A profitable marijuana stock? However, one marijuana stock appears ready to break from the mold.

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