CashColorCannabis Talks Black-Owned Business with Some Black Business Owners

CashcolorcannabisPodcast · Sep 29, 2020 · 28m

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Business across the country all took after the COVID-19 pandemic shut down the country. No one took a hit like how Black-owned businesses did.

According to a report from the Federal Reserve Bank of New York, active businesses overall took a 22% dip between February and April of this year. The biggest decline came from Black-owned businesses. Black business took a 41% drop between February and April. That's over 400,000 Black-owned businesses that had to close their doors compared to 17% for White businesses.

The ones that have survived had to do so knowing that they would…