News & Analysis as of

CARES Act Federal Loans Marijuana Related Businesses

Benesch

Engaging in Activities that Violate Federal Law? DOJ Scrutiny of PPP Loan Recipients Turns to Ancillary Companies Supporting the...

Benesch on

Since its inception, the cannabis industry has always existed alongside significant regulatory and compliance challenges. These largely stem from the fact that the manufacture, distribution and possession of marijuana remains...more

Seyfarth Shaw LLP

To Live and Die in LA: Despite Increased Demand, Cannabis Retailers Still Fight for Life in Light of the Pandemic – Is Help on the...

Seyfarth Shaw LLP on

When we all sheltered in place in mid-March, social media accounts everywhere reflexively joked how marijuana use was about to skyrocket like wine consumption and On Demand streaming. ...more

Lowndes

Potential Pathway for Cannabis Industry Eligibility for COVID-19 Stimulus Programs

Lowndes on

On April 24, President Trump signed into law the Paycheck Protection Program and Health Care Enhancement Act (the “Act”). The Act allocates an additional $484 billion to replenish the Paycheck Protection Program (“PPP”) and...more

Lowndes

Cannabis & Hemp Industry Eligibility for COVID-19 Federal Stimulus Programs

Lowndes on

As noted in our prior publication, on April 16, 2020, the Small Business Administration (“SBA”) announced that it would no longer be accepting new applications for the Emergency Injury Disaster Loan Program (“EIDLP”) or the...more

Husch Blackwell LLP

CARES Act – Stimulus Package Won’t Aid The Marijuana Industry

Husch Blackwell LLP on

On Wednesday, March 25, 2020, the United States Senate approved an estimated $2 trillion dollar stimulus package in response to the economic impact of the COVID-19 outbreak. The legislation, formally known as the “Coronavirus...more

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