States across the country are looking to cannabis to fuel both tax revenue and job growth. The cannabis industry currently employs nearly 250,000 full time jobs – and these numbers only scratch the surface for an industry that remains illegal federally and in nearly 80% of the states.
KEY Investment Partners will partner with CanopyBoulder to provide cannabis & hemp investors with a hub for news, updates, and deals during this difficult time. The platform kicks off on April 7th with pitches from 10 top-performing cannabis and hemp companies, followed by a panel of VCs on how COVID-19 is impacting the investment landscape.
Our lives have dramatically changed over the past few weeks as we come to terms with the reality of the situation in which COVID-19 has placed us. For most Americans, the economy has come to a complete standstill as social distancing and increased ‘stay-at-home’ measures have become the new normal. Only certain ‘essential’ businesses remain open across the country as the nation works together to flatten the curve of this pandemic. In this blog post we will explore the impact of COVID-19 on the cannabis industry, how private equity has performed historically in distressed periods and why cannabis investors should look at the current state of the economy opportunistically.
As the spread of the coronavirus continues and anxiety for Americans escalates, operators of cannabis dispensaries have reported that business is booming. Named by several cities as “essential businesses,” dispensary owners have reported long lines of customers, similar to what has been seen at grocery stores and pharmacies.
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