Hemp Industry Daily taking stock of how coronavirus has affected farmers, businesses

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As the coronavirus pandemic continues to disrupt businesses worldwide, Hemp Industry Daily wants to know how stay-at-home orders have impacted farms and businesses in the hemp and CBD space.

According to an informal poll by the editorial staff of Hemp Industry Daily, approximately 54% of the hemp and CBD companies that applied for a Small Business Administration loan as part of the coronavirus economic stimulus relief package still haven’t heard yet if they received loans.

Ten percent of poll respondents said they received a Paycheck Protection Program loan and 7% received an Economic Injury Disaster Loan. Another 29% said they applied for loans but were either denied (12%) or their loans were unfulfilled (17%).

We want to know more about the loans companies received – or didn’t receive, what measures you have taken to stay open through the pandemic, and how the coronavirus crisis is affecting businesses and the broader hemp and CBD industry in the short term and long term.

To provide insight, take the Hemp Industry Daily Coronavirus Impact Survey, open through May 8.

Hemp Industry Daily will share the compiled survey results in upcoming editorial coverage.

Source Link: https://hempindustrydaily.com/hemp-industry-daily-taking-stock-of-how-coronavirus-has-affected-farmers-businesses/

We are not the original authors of this article. This content was republished from HempIndustryDaily.com.

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