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x2gasev032

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As laws that surround the legalization of recreational marijuana continue to shift, investors must be wary about how high tax rates could impact the market. Tax rates have the potential to cripple cannabis providers in states that allow recreational marijuana because of how high consumers are taxed. Last year, Aurora Cannabis disclosed a business transformation plan to limit losses and reduce costs. It has already realized cost savings of CA$33 million in the previous 12-months. The company believes it is well poised to deliver between CA$60 million and CA$80 million in cost savings once the transformation plan is completed. Cannabis legalization is a divisive subject and the laws that govern its consumption vary by state. Some states, like Washington, Vermont and California, have legalized both recreational and medical marijuana consumption. Others, like Utah, Arizona and New York, only permit marijuana consumption for medical purposes. In many other states and under federal law, cannabis consumption is not permitted in any capacity.

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