Amid the coronavirus-induced recession, The U.S. government enacted a temporary lifeline to tens of millions of unemployed workers with $600 a week in extra jobless benefits. However, the unemployment benefits expired on July 31, and no new deal is currently in place to renew the weekly payment. Cannabis industry advocates predict that the loss of the additional money in the pockets of Americans damper on cannabis sales, which so far have held up relatively well during the pandemic. Industry experts say depending on the next stimulus’s impact on cannabis sales the upcoming trend could be an indicator of whether cannabis is recession-proof like alcohol.
– Marijuana Business Daily, 07/31/2020 6:30:46 AM