$GPFT The Latest: Coalition asks Calif. governor to cut tax

New Post Public Reply Private Reply Replies (0) Message Board
stock-scamper wowhappens28 #16348
202
$GPFT The Latest: Coalition asks Calif. governor to cut tax on pot
Posted: April 29, 2020
Updated: 5:15 PM AP
The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death.

TOP OF THE HOUR:

— Germany experts say vaccine, herd immunity vital.

— US to let federal social distancing guidelines expire.

— Britain’s death toll jumps over 26,000 with nursing home deaths.

— As lockdowns ease, health officials urge virus vigilance.

___

LOS ANGELES — A coalition of marijuana companies, churches and advocacy groups is asking California Gov. Gavin Newsom for a temporary cut in the state’s hefty pot taxes.

The group that includes the California State Conference of the NAACP, Los Angeles Metropolitan Churches and the industry group Southern California Coalition warned in a letter to the governor that the coronavirus crisis and a crashing economy will take an especially heavy toll on businesses run by minorities who were disproportionately targeted during the decades-long drug war.

“If action is not taken now many of our business colleagues and friends may be pushed into the gray, or worse, back into the illicit market,” said the letter, dated April 23.

“At a time where unemployment is at a record high, the legal industry is seeing its customers flock to lower priced cannabis products in the illegal market regardless of quality or safety,” the group said.

“As COVID-19 continues to disproportionately impact communities of color, our social equity businesses and our customers will be impacted even more,” the group warned.

California kicked off broad legal sales in 2018. But the state’s legal marijuana industry has long blamed tax rates that can approach 50% in some areas for driving business into the illicit market. According to some estimates, consumers are spending roughly $3 in the state’s underground pot economy for every $1 in the legal one.

___

PHOENIX — Arizona Gov. Doug Ducey has extended his stay-at-home order through May 15, but he is partially ending his order closing non-essential businesses.

The Republican governor says the spread of the coronavirus appears to have slowed in the state, but there’s no clear sign deaths and new cases are trending down.

He’s allowing some retail businesses to open next Monday, with more openings by the end of next week. He’s expecting restaurants to be allowed to partially reopen in about two weeks, but hasn’t yet made that official.

The governor praised the public and business community for adhering to his stay-home and closure orders, saying they saved lives.

___

CHEYENNE, Wyo. — Gov. Mark Gordon says Wyoming will ease some of its coronavirus restrictions on Friday, with barbershops, gyms, nail salons and child care centers among the businesses that will be allowed limited re-openings.

The changes replace health orders that are set to expire Thursday. They are the first steps in the Republican governor’s plan to restart the state economy.

Gordon also says Wyoming residents would be allowed to camp at state parks starting May 15.

___

WINDOW ROCK, Ariz. — Residents on the Navajo Nation will be under another lockdown this weekend as the tribe seeks to keep the coronavirus from spreading even further into communities.

The lockdown is the fourth the tribe has implemented. It comes around the first of the month when tribal members often travel to towns bordering the reservation to shop for food and other supplies.

Tribal officials say they are working with businesses on the reservation to create safeguards f
Scroll down for more posts ▼

Top 10 Most Recent News Articles

AZZ Inc.'s 2026 Sustainability Report: A Closer Look

Updated Category News Views 207

Diving into AZZ's Sustainability Commitment AZZ Inc., known in the trading circles as NYSE:AZZ, has just dropped its 2026 Sustainability Report and it’s quite the document to chew on. This ain't your typical corporate fluff. Tom Ferguson, the man steering the AZZ ship, laid it down plain and simple. This report isn’t just about ticking boxes for ESG; it’s reflecting...

Continue Reading
JOYEE N01 Kicks Off Global Launch with African Orders

Updated Category News Views 69

A New Chapter for JOYEE N01 There's a moment in every company's life when it either steps boldly into the future or stumbles back into obscurity. For FAW Bestune, October 28, 2026, was one of those defining moments. On this day, they launched global mass production of the JOYEE N01 in Yancheng, China. And boy, did they pull out all the stops—you don't see this kind of...

Continue Reading
APP Group's New Conservation Efforts in Sumatra

Updated Category News Views 208

Taking a Bold Step Towards Conservation APP Group, in collaboration with Proforest, WWF-Indonesia, and KKI WARSI, is setting its sights on a more sustainable future with the PROTECT30 initiative. This isn't just another dime-a-dozen CSR project—it’s a concerted effort aimed at conserving Sumatra's precious Bukit Tigapuluh landscape. These folks are playing the long...

Continue Reading
BlackLine's SAP Woes Spark Investor Scrutiny

Updated Category News Views 94

What Triggered This Investigation? Here we go again, folks. BlackLine's taking a hit, and it ain't pretty. They're reeling from a whopping 17.4% drop in their share price after cutting their fiscal 2026 outlook. You can bet the folks with stakes in BlackLine (NASDAQ:BL) are feeling the burn. This all comes down to a mess involving their SAP SolEx channel. Let's dive into...

Continue Reading
Nemazee Fellowship Advances Clemency and Justice Reform

Updated Category News Views 74

Nemazee Fellowship: A Catalyst for Change You're probably wondering what's really happening when a couple like Hassan and Nazie Nemazee put their name on a legal fellowship. Skipping the melodrama, it's all about making a dent in the criminal justice system. These two aren't just slapping their name on a plaque—they're throwing real support behind actions that matter....

Continue Reading
Everest Group Faces Class Action: Key Investor Moves

Updated Category News Views 117

Everest Group's Legal Spiral: What's Happening? Folks, when a company feels like it's caught in an endless storm, investors better hold on tight. That's the situation Everest Group, Ltd. finds itself in, with an 11.4% stock dive that’s got investors reeling. Securities fraud allegations are rocking Everest like a hurricane, and The Law Offices of Frank R. Cruz have put...

Continue Reading
Mount St. Mary's University Climbs in College Rankings

Updated Category News Views 125

Moving Up the Rankings Ladder Mount St. Mary's University has been making waves not only on campus but in the highly competitive world of college rankings. The institution has managed to climb the ranks in the 2026–27 U.S. News & World Report Best Colleges rankings, a feat that's not just some idle happenstance. The Numbers Speak If you've been paying attention, the...

Continue Reading
Pinterest Faces Legal Probe: Investor Concerns Rise

Updated Category News Views 95

Legal Storms Gather on Pinterest's Horizon I remember a time when Pinterest was the darling of Wall Street, but here we are, staring at an investigation that's got more layers than an onion. On November 6, 2026, news broke that Kahn Swick & Foti, LLC (KSF) is sniffing around Pinterest's officers and directors. This is no small fry since KSF is steered by none other than...

Continue Reading
Preventing Dental Issues in Kids: Valuable Tips Shared

Updated Category News Views 73

Pediatric Dental Challenges Under the Microscope When it comes to kids and dental health, we're talking about the fundamentals—the kind that sticks around and makes a difference in their future pearly whites. None of that flashy tech gizmo stuff, just straight-on strategies for resilient chompers. Cavities, gum irritation, early tooth alignment—these are the everyday...

Continue Reading
Blue Owl Tech Faces Lawsuit Post-44% Share Dive

Updated Category News Views 59

The air's thick with tension for investors of Blue Owl Technology Finance Corp. (NYSE:OTF) as they wake up to the news of a securities class action lawsuit that's no small fry. You don’t have to look too far to see why the folks holding the bag might be steamed. We’re talking about a 44% drop in stock price since the merger with Blue Owl Technology Finance Corp....

Continue Reading

Top 5 Most Recently Viewed Articles

Investigation into AstraZeneca: Key Insights for Investors

Updated Category News Views 155

Investigation Overview Faruqi & Faruqi, LLP, a prominent player in the realm of securities law, is currently investigating potential claims against AstraZeneca PLC (NASDAQ: AZN). This inquiry arises from serious allegations regarding the company's operations, specifically in relation to legal compliance and corporate governance. Calling on Affected Investors Investors who...

Continue Reading
DS Smith Promotes Holiday Recycling for a Greener Future

Updated Category News Views 129

DS Smith Encourages Holiday Recycling Initiatives As the holiday gifting season approaches, a notable increase in the recycling of paper packaging materials is being observed. This trend is primarily supported by the practices of DS Smith, a global leader in sustainable fiber-based packaging. The company emphasizes the importance of recycling during this busy time when...

Continue Reading
Beaver Hollow Wellness Advocates for Positive Change at Servotronics

Updated Category News Views 250

Beaver Hollow Wellness Takes Action to Support Servotronics Beaver Hollow Wellness, LLC, a key stakeholder in Servotronics, Inc. (NYSE American – SVT), has voiced its concerns regarding the current state of the company. With a pressing need for change, the company has put together a proposal aimed at enhancing the financial stability and overall performance of...

Continue Reading
Coop Pank Unveils Impressive Q3 2024 Financial Review

Updated Category News Views 220

Coop Pank's Third Quarter Financial Webinar Highlights In a recent event, Coop Pank held an engaging investor webinar where they unveiled their unaudited financial results for the Third Quarter of 2024. The session took place at 9 AM EET, featuring insightful commentary from Margus Rink, the Chairman of the Board, and Paavo Truu, the Chief Financial Officer. The...

Continue Reading
Harmony House: A New Chapter in Wellness Architecture

Updated Category News Views 14

Setting a New Benchmark in Home Design We've seen houses do a lot of things over the decades, but Asheville’s upcoming VISION House is rewriting the rulebook on what a home can be. This isn’t just about putting up four walls and a roof — it’s a full-blown experiment in walking the talk about 'Wellness Architecture.' Intentional Living, Intentionally Built The...

Continue Reading