Cannabis News Box

Coronavirus stimulus money awarded to lucky few cannabis-related firms

https://mjbizdaily.com/marijuana-companies-mostly-shut-out-of-2-trillion-coronavirus-stimulus-package/

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...

CEO of hemp extraction company offers advice after receiving stimulus assistance

CEO of hemp extraction company offers advice after receiving stimulus assistance

Bethan Rose Jenkins, Cannabis News Writer/Editorial

May 8, 2020

The Coronavirus Aid, Relief and Economic Security (CARES) Act – a $2 trillion stimulus package that was distributed around an estimated 92 percent of Americans – has left cannabis business owners scrambling for ways to gather funding that will aid their economic recovery post-pandemic. Why? Of the $349 billion th...

stimulus package