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Brandon Pollock, Theory Wellness

"We’re probably in about as tough a spot as you can be in"

“There’s no relief for us, unlike any other business in the country. We’re probably in about as tough a spot as you can be in,” Brandon Pollock, co-owner and CEO of the recreational and medicinal marijuana dispensary Theory Wellness in Massachusetts, told Newsweek this week when asked about the effects of the COVID-19 outbreak. 

Since the pandemic began, the company has experienced a 90 percent decline in sales, Pollock said. That’s largely because Massachusetts Governor Charlie Baker classified recreational sales of marijuana as nonessential and allowed only medicinal shops to stay open. A loan from the federal government would allow him to keep employees on the payroll and to pay rent at the company’s store locations.

“We’re not asking for a handout. We would be more than happy to pay the money back, but it’s very tough to get loans in the cannabis industry,” he said. “For us, it’s just a fairness situation. We pay millions of dollars a year in federal taxes. We should be able to receive help just like any other taxpaying business.”

Read the complete article at Newsweek

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