Our Industry was Snubbed From the CARES Act: Most Cannabis Businesses are Ineligible For COVID-19 Federal Aid

On March 27, 2020, President Trump signed into law a two trillion dollar stimulus package to alleviate some of the economic impact of the COVID-19 pandemic. This stimulus package is formally known as the Coronavirus, Aid, Relief, and Economic Security Act (the “CARES Act”). The CARES Act provides aid to various groups: individuals, large corporations, small businesses, state and local governments, public health, and education.

This article first appeared within Issue 110 of the NJ Cannabis Insider on April 9, 2020.

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