Cannabis News

Is Cannabis Positioned to ‘Weather The Storm’ of COVID-19? Yes, Data and Tax Experts Declared at a Webinar This Week

Cannabis may be “uniquely positioned to weather the storm” of COVID-19, tax and data experts declared during a webinar Wednesday for 500 cannabis businesspeople.

The businesspeople, primarily owner/operators, investors and ancillary service providers, also heard the experts label the cannabis industry “recession proof” during the event, which focused on cannabis-business planning and strategies during this era of coronavirus – the “giant elephant in the room,” as one host called it.

Certainly the cannabis industry faces ongoing challenges, from the added complexities of ra cash-based business to the denial of deductions under tax code Section 280E. And the coronavirus crisis seems to be one more.

– Read the entire article at Forbes.

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