Cannabis Can Be An Accelerator For Economic Recovery.

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Cannabis Can Be An Accelerator For Economic Recovery
by Benzinga Cannabis Contributors


By Ryan G. Smith, co-founder and CEO of LeafLink.

As the ongoing COVID-19 health crisis reaches the six month mark in the United States,, policymakers and business leaders alike are increasingly shifting their focus toward economic recovery. According to the Bureau of Economic Analysis, real GDP decreased at an annual rate of 32.9% in the second quarter of 2020 as states began implementing shelter-in-place orders, and the Department of Labor reports that unemployment rates have risen to historic highs since then; in the first week of September alone, over 800,000 people filed new unemployment claims. At the same time, states across the country are facing unprecedented budget cuts as they try to balance COVID-19 relief with annual spending.

Whatever action we as a country take over the few months will have long lasting effects on our future.

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