a group called Minority Cannabis Business Association (MCBA) told the Drug Enforcement Administration (DEA) that if they change the way they think about cannabis, it could help the cannabis business a lot. They say if DEA reschedules cannabis from being a "Schedule I" to a "Schedule III" thing, it could create over 50,000 jobs and make the cannabis business way better by 2030. The MCBA also said that if cannabis is rescheduled, it will help small businesses, minority-owned businesses, and women-owned businesses in the cannabis industry. Read from source...

none found. In-depth analysis of the economic impact of cannabis rescheduling is shown through factual information and logical reasoning. The research and data presented within the article appear to be credible and valid, leading to a convincing argument. The potential benefits and job creation brought about by rescheduling are discussed in a well-balanced and informative manner.

The rescheduling of cannabis could add 55,500 jobs by 2030, according to an economic analysis done by the Minority Cannabis Business Association (MCBA). The rescheduling of marijuana from Schedule I to Schedule III could significantly boost the cannabis industry, potentially creating over 50,000 jobs by 2030. The move would eliminate IRS Code 280E, which prevents cannabis companies from deducting normal business expenses. This results in higher taxable income and federal tax expenses. Rescheduling would eliminate these excess taxes, leading to substantial savings and increased profitability. The cannabis industry is facing financial challenges, with over 80% of businesses citing financial and tax issues as major challenges. Small, minority-owned, and women-owned businesses have less access to capital, resulting in greater financial vulnerability. Rescheduling marijuana would not only provide tax relief but also stimulate job creation and economic activity. The MCBA projects that the move could add 55,500 jobs by 2030, generating up to $2.7 billion in additional wages and $5.6 billion in new economic activity. Overall, investing in the cannabis industry has high potential but comes with a high risk due to its legal and regulatory challenges.