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The Importance of Institutional Capital in the Cannabis Industry
There's still a huge question mark over banking services for cannabis businesses and also custody shares of cannabis companies. While Michigan's state level 280E offset has helped, New York so far doesn't have a similar tax code. Each state also has different rules and requirements that make it pretty hard for multi-state operators in general to keep their costs down. If they can achieve all of that with those tax rates, these businesses are going to look tremendous once 280 goes away.