Legal sales of marijuana are booming as the nation battles the coronavirus crisis.
As demand flourishes, long suffering publicly traded cannabis companies have seen their shares start to rebound.
Across the country, sales are sky high in states where legal cannabis has been declared "essential medicine" during state shutdowns, allowing stores to stay open. DeAngelo says Harborside is hiring drivers as delivery ramps up. Even though California calls cannabis essential medicine, he says customers do not need a medical card to buy. Anyone over 21 can make a legal purchase.
This amazes Steven DeAngelo. "Many people rely on cannabis as a first line of defense for medical issues," he says. Wurk is a company that provides human resources and payroll services to 400 legal cannabis businesses, and it has been providing resources to help navigate the shutdown. Regarding the new Families First law, "Right now cannabis companies absolutely have to comply," says Wurk account manager Lauren Spagnuolo. "We don't know if they're going to be eligible for the tax breaks that are being offered as part of these programs.
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