Tag: Coronavirus Aid


Ineligible for Covid Relief Funds, Cannabis Companies Are in Trouble


Despite being declared an essential service, the cannabis industry may fall victim to Covid-19. Already beset by huge tax bills and an inability to access banks, the cannabis industry is also ineligible to receive money from the Coronavirus Aid, Relief and Economic Security (CARES) Act. However, it’s not just companies that “touch the plant” that have been excluded from receiving financial aid, so have a host of other tax-paying businesses that provide services to the…


The Cannabis Industry Could Get a Big Boost in the Next Stimulus Bill


Left out of the CARES Act and in dire need of cash, pot stocks need some assistance this year. Here’s what could happen. While many companies are getting benefits from the government to help battle COVID-19 and its impact on the economy, cannabis is one industry that’s been overlooked. Marijuana companies are ineligible for support under the Coronavirus Aid, Relief, and Economic Security (CARES) Act because they’re involved in federally illegal activities. Even companies that…