The coronavirus pandemic has had a devastating effect on the economy. In early March, most states issued lockdown orders to curb the spread of the novel coronavirus, and this involved all but the most essential businesses to shut down. This has led to Great Depression-era levels of unemployment, and most industries, especially the travel and service industries, have a long road of recovery ahead of them. However, one industry that seems to have weathered the storm fairly well for the past few months is cannabis.
Most states that legalized marijuana declared the industry essential and pot dispensaries have been operational during the lockdown. Illinois’ first cannabis stores opened in January and in June, marijuana retailers saw their busiest month ever. According to data released on Tuesday, recreational cannabis sales in June…
CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.
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