July 14 2023,

THE BIG IDEA

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In the newsletter:

  • Calif. Eaze drivers fight pay cut

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SPOTLIGHT: FUNDCANNA CEO ADAM STETTNER

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FundCanna CEO Adam Stettner (Illustration by Allison Campbell) @shehitsback

Apple and Google have tremendous cash piles, but they still borrow money to fund their operations. Of course in cannabis, there are fewer potential lenders than in Silicon Valley, but CEO and founder Adam Stettner sees industry lender FundCanna’s role in a similar light, as a lender of capital to growing businesses. 

LEARN MORE

CALIF. EAZE DRIVERS FIGHT PAY CUT

Eaze
Photo credit: Getty Images

On June 1, delivery drivers at Eaze’s Gardena (Los Angeles Co.) depot got an email from HR. It told them their mileage reimbursement rate was $0.4069/mile.

Their reimbursement rate, used to pay for gas and wear and tear, already lagged behind the IRS’ optional standard mileage rate of $0.655, which factors in prices nationwide. For a full time driver living in one of the country’s most expensive metros, the news equaled a monthly pay cut of $600 or more, effective immediately.

The unsigned email requested drivers to sign and return an attached form. “We hope you have a wonderful day and a great rest of your week!”

The next day, the drivers…

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