Why 280e Change Spells Good News For Cannabis Cash Flow: Jason Wild Weighs In

Jason Wild, executive chairman of TerrAscend Corp TRSSF, spoke at the Benzinga Cannabis Capital Conference in Miami. The discussion primarily revolved around the state of the industry and its future outlook.

If you're interested in more insights from Wild, he will be a keynote speaker at the Benzinga Conference in Chicago. The event is slated for September 27-28.

Wild emphasized the resilience of firms navigating challenges effectively, stating, "If you are in a position where you’ve got your business in a sustainable place where you’re not just positive cash flow from operations but also have some money left over and are cash flow positive after you pay your taxes or whatever your accrued taxes are, that's commendable."

Related Content: TerrAscend Delighted About Maryland's Cannabis Sales, Meet Exec Chair Jason Wild At Benzinga Conference In Chicago

High-Interest Borrowing, Section 280E & Industry Cash Flow Challenges

Wild touched upon the intricacies of borrowing money, asserting that borrowing at double-digit interest rates isn't conducive for growth. However, he was optimistic about the potential changes to Section 280E, stating it as a beacon of hope for improving the industry's cash flow.

Tim Seymour, founder and chief investment officer of Seymour Asset Management (SAM) and a trader on CNBC’s “Fast Money”, mirrored Wild's sentiments. He highlighted the impact of borrowing in the prevailing scenario and will be speaking more about it at the upcoming Chicago conference.

Related Content: 'The Only Thing We Can Do As An Industry Is Learn,' Says Emily Paxhia On Navigating The Cannabis Investment Landscape

If you missed out on the buzz in Miami, ensure you don't miss out this time. Join industry mavens like Jason Wild and Tim Seymour, advocates like Gov. J B Pritzker, and many others at the Benzinga Cannabis Capital Conference in Chicago on September 27 and 28. Dive into the world of cannabis and get insights, strategies, and predictions for its future. All details can be found at bzcannabis.com

Borrowing at high interest rates isn't viable, but positive changes to 280e can reinforce our industry's cashflow. @JasonGWild & @timseymour at the @Benzinga Conference
Join us in Chicago, Sept 27-28 - https://t.co/CxznNV79H5 pic.twitter.com/01QlmFdMmr

— Javier Hasse (@JavierHasse) September 8, 2023