05.17.2024
Uncertainty with 45z tax credit may affect Q1 2025 biofuel contracts
The expiring BTC provides a one dollar per gallon blenders credit up front with an additional 30 to 40 cents of credit to producers on the backend. Crimson...
Speculation swirls around the U.S. Department of Health and Human Services (HHS) recommendations to the U.S. Drug Enforcement Administration (DEA) on cannabis rescheduling. HHS is believed to have advised DEA to move cannabis from Schedule I to Schedule III.
The Jacobsen – Fastmarkets previously reported on President Biden’s directive to HHS to evaluate current cannabis scheduling and make recommendations. The move to Schedule III would have a dramatic impact on cannabis markets. For example, cannabis businesses would be able to take standard tax deductions that they currently cannot use.
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