President Donald Trump recently signed three historic coronavirus federal stimulus bills leaving many cannabis businesses wondering how the financial relief will affect them. The stimulus provides relief for many businesses and individuals across states. This short guide answers all your frequently asked questions about how the federal stimulus affects your cannabis business. What’s In The Federal Stimulus Bills? Under the Coronavirus Preparedness and Response Supplemental Appropriations Act (CPRSA) provides the following: Provisions to the Economic Injury Disaster Loan Program (EIDLP). The EIDLP provides eligible small businesses with working capital loans of up to $2 million during a disaster. Declared […]
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