CommCan Inc. lost about $2 million in roughly two months. NETA saw sales drop by 85% due to the shutdown of recreational marijuana amid the coronavirus pandemic. Good Remedies experienced similar drops while laying off about 70 employees.
While other small businesses could apply for Paycheck Protection Program loans, the marijuana industry was shut out because it’s still illegal on the federal level.
Monday’s announcement by Gov. Charlie Baker, which allows recreational marijuana stores to reopen for curbside delivery on May 25, acted as the aid needed to ensure the survival of many in the industry.
– Read the entire article at Mass Live.