NEWSOM DOWNGRADES REVENUE PROJECTIONS

In addressing diminished revenues as a result of the COVID-19 pandemic—aka Crisis Classic—Gov. Gavin Newsom said California has adjusted projections based on the idea that government-regulated cannabis' downturn distress will be worse than alcohol's and tobacco's.Los Angeles Times

• “While similar products like alcohol and tobacco tend to be recession-resistant, the forecast assumes that cannabis businesses will be more negatively impacted by the COVID . . .
  

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