January 05, 2026|Press
California rolled back cannabis tax, but LA businesses say they’re still struggling
By: Jordan Rynning
“Federal rescheduling would open up opportunities for medical research and new funding streams that are currently unavailable, Bitan told LAist.
The rescheduling would mean that there is a medical purpose for cannabis, Bitan added, promoting research for things like cancer, epilepsy, PTSD or anxiety.
Access to financial services has also been a longstanding issue for cannabis businesses and making marijuana sales federally legal, he said, would open up new lines of credit.”
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