It’s constructive virtually each manner you take a look at it — the economic system, jobs, drugs, ending unlawful markets, even social justice,” enthused Andrew Hunzicker, a CPA and CEO and co-founder of Dope CFO, which offers accounting companies to hashish firms, in addition to instructing accountants methods to serve the burgeoning business. “I think we will all look back on 2020 and say, ‘What a mess of a year’ — it’s been pretty bleak, but this is a little bit of a bright spot.”
Already rising strongly earlier than 2020, hashish has continued to thrive even amid the coronavirus pandemic.
But whereas Schmidt famous that there’s hypothesis that hashish firms benefited specifically from the $1,200 Economic Impact Payments the federal authorities distributed to taxpayers early within the pandemic — “You did see a spike in sales as those checks were being passed out,” she mentioned — they have been additionally shut out of federal stimulus funding such because the Paycheck Protection Program as a result of the federal authorities considers marijuana an unlawful drug.
“Newer operators didn’t have an emergency fund, and you should have six to eight months of cash,” she defined. “There’s real estate, licensing fees, and much more to pay for — it’s expensive. It takes a lot just to get up and running, so that’s a big barrier, particularly if you don’t have banks to get loans from.”
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