Corona Capital: Marijuana

  • 📰 Breakingviews
  • ⏱ Reading Time:
  • 65 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 51%

United States Headlines News

United States Latest News,United States Headlines

Cannabis retailers in California miss out on pandemic surge in vices. Read the latest on Corona Capital:

, saying weed is less recession-resistant than similar products like tobacco and alcohol.

All this says less about marijuana than red tape. While selling the drug is legal in California, retailers struggle to find banks that will serve them, which ultimately raises prices. When incomes fall – the U.S. teen unemployment rate is now almost 30% – some customers will seek out their old dealer, which saps tax revenue, and turns a legal activity back into an illegal one.

It’s not so bad. Commercial paper usually covers specific short-term cash flow needs like wages and supplier payments. The BoE’s scheme will have encouraged firms to make payments on time, boosting the economy. Dividends, by contrast, are usually allocated according to longer-term metrics like free cash flow or earnings. The real takeaway is that BoE holdings dropped to 16.2 billion pounds from 19 billion pounds the week before.

Having a pandemic-proof business model probably played a role. Dada works with supermarkets to deliver their goods using crowd-sourced riders. Sales nearly doubled in the first quarter year-on-year to 1.1 billion yuan . Its success in the aftermarket, however, is another matter. Chinese companies that have listed in New York so far this year are collectively down 23%, according to data provider Dealogic. Its debut later today will be watched closely.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 470. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Breakingviews - Corona Capital: BoE financing, China Nasdaq IPOFrom Breakingviews: Concerns about the Bank of England’s corporate financing facility are misplaced and a Chinese upstart makes the increasingly perilous journey to a U.S. listing. Catch up with the latest financial insights
Source: Reuters - 🏆 2. / 97 Read more »

Corona Capital: ZoomInfo IPO, U.S. tradeConcise views on the pandemic’s corporate and financial fallout: ZoomInfo goes public with a big pop despite Covid-19; and America’s goods-trade deficit with Europe will test Washington’s mood.
Source: Breakingviews - 🏆 470. / 51 Read more »

Breakingviews - Corona Capital: Bonds, Booze, Cars, Scandal(Reuters Breakingviews) - Corona Capital is a daily column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights.
Source: Reuters - 🏆 2. / 97 Read more »

Corona Capital: Crisis loans, Jet fightingConcise views on the pandemic’s corporate and financial fallout: Bank customers are no longer making a dash for cash, loan drawdowns suggest. Meanwhile, a U.S. block on Chinese passenger flights suggests domestic battles haven’t dimmed President Trump’s desire to make China pay.
Source: Breakingviews - 🏆 470. / 51 Read more »

Breakingviews - Corona Capital: Bonds, Booze, Cars, Scandal(Reuters Breakingviews) - Corona Capital is a daily column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights.
Source: Reuters - 🏆 2. / 97 Read more »

Breakingviews - Corona Capital: BoE financing, China Nasdaq IPOFrom Breakingviews: Concerns about the Bank of England’s corporate financing facility are misplaced and a Chinese upstart makes the increasingly perilous journey to a U.S. listing. Catch up with the latest financial insights
Source: Reuters - 🏆 2. / 97 Read more »