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‘Illegal To Essential’: How The Coronavirus Is Boosting The Legal Cannabis Industry
Posted On April 20, 2020
- Nationally, 27 states with stay-at-home orders in effect have allowed marijuana operations to remain open in some form during the coronavirus economic shutdown.
- The legal marijuana industry has some difficulty operating even under normal circumstances.
- It is heavily taxed, has difficulty securing financial backing from banks and because it remains illegal under federal law, cannabis businesses will see no relief from the $2 trillion coronavirus relief package President Trump signed into law last month.
- Kagia expects consumers will grow accustomed to the expanded access to cannabis the coronavirus has brought about in some places and may balk if states repeal the changes once the stay-at-home orders are lifted.
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