‘It’s been one fight after another’: Some cannabis companies must close, while liquor stores are allowed to open

“I’ve been in this over five years; it’s been one fight after another,” says Rosenfeld, president of CommCan, which is licensed by the Massachusetts government to grow and sell both recreational and medical cannabis. “Nothing’s been easy, nothing.”

CommCan has two medical marijuana dispensaries that are still operating, but the company’s sales have dropped by around 90% Rosenfeld says. Adding to the frustration for Rosenfeld is the fact that cannabis businesses in Massachusetts pay additional excise and sales taxes — totaling 20% of sales — on top of regular payroll and business taxes. “All that money — more than any other industry, I think — and yet I don’t get to tap into the program that’s out there for everybody else,” she says.

“ ‘If we had a Paycheck Protection Program, we literally would use that money for keeping people on our payroll.’ ”

As a patient .... I say open the gates. I pick flower over man made alcohol

Just say no, guys.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

‘It’s been one fight after another’: Cannabis companies in Massachusetts must close, while liquor stores are allowed to openAround 2,000 people who work in the Massachusetts cannabis industry, out of a total of around 8,000, had been laid off or Having access to the CARE Act’s Paycheck Protection Program would have been a lifeline for these companies, owners say. Hilarious because marijuana is far healthier than alcohol
Source: MarketWatch - 🏆 3. / 97 Read more »