COVID-19

Federal Student Loan Vacation Under the CARES Act

At the end of March, political leaders across the planet, including governors of almost every state in the U.S., ordered over a billion people to ‘shelter-in-place’ to slow the spread of the novel coronavirus. In addition to slowing the virus, these orders have also drastically slowed or halted the growth of the global economy in many sectors. This sudden and drastic economic downturn led the U.S. Congress to pass the

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4 Ways COVID-19 Will Change Cannabis and Insurance

One may not need to be able to read the cannabis leaves to divine the impact of the COVID-19 pandemic on cannabis and insurance. Some good guesses from any insurance professional with their foot in the door of a dispensary, farm, lab, or distribution facility, might go along the lines of: Vaping will be tougher to insure, reinsurance will be harder to find, expect even more exclusions in policies, greater

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Many Things Commercial Tenants Need to Consider

By Alyson Jaen Many commercial tenants are feeling the financial strain of making rental payments during the ongoing COVID-19 pandemic. For some businesses, it may not be possible to make the monthly rental payments. If that’s the case, there are many things tenants need to consider. To begin with, some state and local jurisdictions are enacting measures in response to the ongoing crisis in order to help commercial tenants during

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SBA Provides Details on Paycheck Protection Program

Paycheck Protection Program Details: Low-interest, potentially forgivable PPP Loans will be available through SBA lenders beginning April 3. PPP model loan application is now available. When 75% of PPP loan proceeds are used for payroll, and other conditions met, you may receive full forgiveness of the principal amount. Funds are loaned at .5% interest with a two-year maturity; repayment deferral period is six months. Yesterday the Small Business Administration (SBA)

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If Your Small Business is Negatively Affected by the Coronavirus, It Might be Eligible for an SBA Loan

By David Olsky On March 27, 2020, The Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) was signed into law. One of the most important provisions of the CARES Act is a major temporary expansion of the SBA Act called the Paycheck Protection Program. The Paycheck Protection Program allows businesses with 500 employees or fewer (including independent contractors and sole proprietorships) that have been negatively affected by the

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How Small Businesses can Obtain Loan Monies and Employment Tax Relief under the $2 Trillion COVID-19 Federal Relief Act

By Andrew Neiman Americans have taken action with hopes to curb the spread of the novel coronavirus through social distancing, self-quarantine, and other efforts to “flatten the curve.” Twenty one states have issued stay-at-home orders—mandatory restrictions that require people to stay home except for certain “essential activities.” While these actions are crucial to lessen strain on health care system and prevent deaths, they have greatly restricted economic activity. On March

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In fighting COVID-19, Colorado’s emergency rules affect medical cannabis differently than recreational

By Alyson Jaen During this ongoing response to the COVID-19 public health crisis, cannabis dispensaries nationwide are changing how they do business, and Colorado’s dispensaries are no different. On March 20th the Marijuana Enforcement Division (the “MED”) implemented emergency rules to help Colorado cannabis dispensaries meet high demand while limiting customer time in the stores. But those rules revealed an important difference in how medical cannabis and recreational cannabis are

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Coronavirus Tax Relief

The U.S. Treasury Department, Internal Revenue Service (IRS), and the U.S. Department of Labor (Labor) have announced that small and midsize employers can begin taking advantage of two new refundable payroll tax credits, designed to immediately and fully reimburse them, dollar-for-dollar, for the cost of providing Coronavirus-related leave to their employees under the Families First Coronavirus Response Act (Act) The legislation will enable employers to keep their workers on their

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New Public Health Order

Denver Mayor Michael Hancock today announced a new Public Health Order with an explicit stay at home directive for all residents of the City and County of Denver that will go into effect at 5 p.m. on Tuesday, March 24 and continue until April 10.  All businesses with a facility in Denver, except Essential Businesses (defined in the Order) are required to cease all activities at facilities located within the City

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Fortis Launches COVID-19 Resources Blog

To our valued clients, We understand that the current situation has no parallel and businesses are facing some of the most difficult times since the Great Depression.  We understand that many of you likely already are having your inboxes flooded with emails from companies about COVID-19.  Rather than further clutter your email boxes, and given the seriousness and uncertainty of this situation, we have decided to launch a separate page on

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