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FAQ: COVID-19 Impact & Financial Resources for Businesses

s businesses are required to remain shut down as a result of the COVID-19 pandemic, access to capital resources continues to be a pressing issue for our clients. This FAQ addresses many questions that businesses may have about governmental programs…
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Hemp and the Pitfalls of the USDA’s Interim Final Rule

Despite regulatory uncertainty and increased competition, we continue to see explosive growth in the amount of hemp production in the United States, with the amount of total acreage increasing by approximately 550% since the passage of the 2018 Farm…
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Business Interruption Insurance and COVID-19: Tender Your Claim

Now that many businesses have been shut down for weeks as a result of the COVID-19 virus, there have been a number of important developments affecting the availability of business interruption insurance to help mitigate the losses experienced as a…
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Main Street Lending Program for Small to Mid-Sized Businesses

After the enactment of the CARES Act, the federal government has been primarily focused on providing funding to small businesses through the Paycheck Protection Program. However, many U.S. businesses are still in need of liquidity as a result of the…
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Supplemental FAQ for SBA Loans under the CARES Act - Paycheck Protection Program

On April 2, 2020, the U.S. Small Business Administration (“SBA”) published an Interim Final Rule (“IFR”) addressing the implementation of the Paycheck Protection Program (“PPP”) under the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act…
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The CARES Act Provides Small Businesses Additional Bankruptcy Relief

The Coronavirus Aid, Relief and Economic Security Act of 2020 (“CARES Act”) was enacted on March 27, providing a suite of protections and relief for everyday Americans and the economy at large. While most coverage has focused on other provisions that…
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FAQ for SBA Loans for Businesses under the CARES Act

On March 27, 2020, the CARES Act, a $2 trillion stimulus package aimed at aiding individuals and businesses in the U.S. that have been impacted by the COVID-19 pandemic, was signed into law. The CARES Act includes a $349 billion allocation of funding…
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Is COVID-19 Force Majeure in a Commercial Contract?

We have spent the better part of the past week poring over force majeure clauses in commercial contracts. “Force Majeure,” literally translated, means “superior force.” In contracts, force majeure clauses are meant to excuse, or allow a delay in, the…
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What You Need to Know About Buying and Selling Products Containing Cannabidiol (CBD)

It seems as though products containing cannabidiol (CBD) are everywhere – in supermarkets, health food stores, gyms, even the corner convenience store. And CBD can come in almost every product, regardless of the shape or size: oil, toothpicks, dog…
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SEC Adopts Disclosure Modernization Amendments

The US Securities and Exchange Commission recently adopted useful housekeeping rule amendments that reduce outdated, redundant, and unnecessary disclosures.
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