Despite the inherent uncertainty that exists in the cannabis industry, we understand that even more uncertainty is brought about through COVID-19. The impacts on the cannabis industry to date have been as varied as the nuances of the industry. Citrin Cooperman is watching the impacts closely and we’ve noted the following situations:
It’s important to be prepared for the impacts on your business, from cash flow to supply chain interruptions to alternative delivery methods. While it’s too soon to tell what the impact will be on the overall producer prices or retail prices, now is the time to run as lean of a ship as possible.
With each of these situations arises an opportunity to prepare your business for these disruptions. Those in the cannabis industry understand tough times, and although these are unprecedented tough times, we’re here to help you through them, as always.