Cannabis industry booming, but companies left out of coronavirus stimulus

Do you know that cannabis businesses are not eligible for assistance under the $2 trillion stimulus package recently passed by congress? They are also barred from Small Business Administration funded loans. That’s because plants containing more than 0.3% THC are classified as a Schedule 1 drug. The upside is that even though coronavirus has shuttered many sectors of the economy, business is booming for cannabis retailers, growers and others. Seems like the industry should weather the storm in good shape- even without any Federal help.


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