Cannabis News Box

Coronavirus stimulus money awarded to lucky few cannabis-related firms

Bethan Rose Jenkins, Cannabis News Writer/Editorial

July 29, 2020

As of June 5, 2020, the Internal Revenue Service (IRS) had distributed 159 million coronavirus stimulus payments among residents of the United States. The $2 trillion federally-funded stimulus package enabled qualifying Americans to receive a one-time payment of up to $1,200; mainly by direct deposi...

Major cannabis tech firm MassRoots is approved for $50,000 federal stimulus check

Bethan Rose Jenkins, Cannabis News Writer/Editorial

May 20, 2020

Founded in 2013, MassRoots is one of the most well-established businesses in the cannabis space. However, it's latest SEC filings indicate annual revenue below $1 million. To make matters worse, for the fiscal year 2018, MassRoots had a market cap of $833.5 and annual revenue of $19.60 k — demonstrati...

10 signs the cannabis industry is maturing at a rapid rate

Bethan Rose Jenkins, Cannabis News Writer/Editorial

June 2, 2018

Slowly but surely, the world is embracing cannabis reform. Scientists are uncovering the plant’s medical benefits and legalization of cannabis is spreading like wildfire. Even politicians who once were in opposition to the drug are warming up to the idea of cannabis, with United States Senator Kam...