© 2025 Incunabulum LLC. All rights reserved. mg Magazine is a registered trademark of Incunabulum LLC. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Incunabulum LLC.
Adam Stettner
Adam Stettner has more than thirty years’ experience in business, strategy, and leadership at both public and private companies. In 2021, he founded FundCanna and serves as its chief executive officer. For the previous twenty years, he ran companies that collectively provided nearly $20 billion in on-balance-sheet funding to consumers and small- to mid-sized businesses, typically in underserved markets. FundCanna provides short-term funding to all sectors of the cannabis industry. Since inception, the firm has deployed nearly $250 million in capital to more than 4,300 accounts.
How Cannabis Operators Can Win in a Post-280E Market
Schedule III could reduce the tax drag that has warped cannabis operating models for years, but it won’t be a universal win. The real advantage will go to operators who treat post-280E relief as a catalyst: moving faster, tightening inventory and receivables, stress-testing pricing and production, and getting books “deal-ready” before M&A velocity spikes. In the gap between improved economics and slower-moving capital markets, preparedness becomes market power.