420 with CNW – Cannabis Legalization Could Trigger Economic Recovery After Coronavirus Pandemic

The economic impact of the Coronavirus pandemic has been immense. Shortly after various states started implementing lockdowns to prevent the virus from spreading, businesses were feeling the pinch due to reduced sales. By this week, more than 3 million Americans have filed for unemployment, and the number may increase as the country has officially become the epicenter of the disease with over 185,000 confirmed cases.

According to New York Governor Andrew Cuomo, the estimated loss of revenue for the state of New York stands between $10 and $15 million. The state is the epicenter of the outbreak in the U.S. with over 40,000 cases, and officials have already warned of severe budget issues. Most of the other states with confirmed cases are also experiencing the same. The massive closure of a majority of businesses coupled with the escalating costs of treating infected patients is sure to cause…

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CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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