Two Relief Options California’s Small Cannabis Businesses Shouldn't Miss

State Treasurer Fiona Ma has confirmed to Cannabis Business Times that small marijuana businesses are eligible for a sales tax extension and a $50,000 bridge loan program available from the state.

“Ma says that small businesses may keep up to $50,000 of their sales tax payments for a year, effectively using the cash as a no-interest bridge loan between now and next summer,” the publication reports. “The $50,000 would need to be paid back in installments by June 30, 2021. This bridge loan is available to businesses will less than $5 million in annual revenue.”

Learn more about the bridge loan program and application process here


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Wednesday, July 22, 2020 - 05:21

Businesses that offer retail space, advertising services or other assistance to illicit cannabis operators could face fines of up to $30,000 a day under a bill winding its way through the Californi