Business Issues/Benchmarks: Page 255

Green Thumb Industries (GTI) Announces Resignation of Armen Yemenidjian

Yemenidjian has stepped down from his role as president in order to spend more time with his family in Nevada.

Colorado Adds 10 Products to List of Pesticides That Can Be Used on Cannabis

The products can now be applied to cannabis without violating the Pesticide Applicators' Act.

Planet 13 Announces Termination of Santa Ana Acquisition

The acquisition was terminated due to unmet conditions in the definitive agreement.

New Hampshire Extends Renewal Deadline for Medical Cannabis Cards

Patients with cards expiring in April, May and June now have until July 31 to renew them due to the COVID-19 outbreak.

Maine Regulators Postpone Launch of State’s Adult-Use Cannabis Market Due to COVID-19 Pandemic

Citing safety and social distancing concerns, the Office of Marijuana Policy has indefinitely delayed the launch of adult-use sales.

Cresco Labs Expanding Local Workforce to Hire Displaced Workers; Providing Extra Support to Employees in Response to COVID-19

The company is hiring retail positions for its Sunnyside dispensaries throughout Illinois in an effort to shore up its teams and provide patients and customers in its communities with the cannabis products they need.

Aurora Cannabis Provides Update on Initiatives to Strengthen Liquidity, Business Transformation Plan and COVID-19 Operational Response

The company has strengthened its cash position with plans for additional flexibility given the current economic uncertainty.

San Diego’s Torrey Holistics Adjusts to New Market Trends, Gives Back to Local Community During COVID-19 Crisis

The dispensary is donating medical supplies and a portion of its April sales to local organizations that have been impacted by the pandemic.

DEA Deschedules Epidiolex, Senators Urge SBA to Extend Economic Assistance to Cannabis Businesses: Week in Review

Effective immediately, the DEA has descheduled GW Pharmaceuticals’ Epidiolex, which was initially listed under Schedule V following its approval in 2018.

California’s Grim Outlook: Coronavirus Pandemic Expediting the State’s Existing Cannabis Market Failures

Now, more than two years into the state’s adult-use program, the struggle continues.

Rubicon Organics Announces Sale of Washington Greenhouse, Strengthening of Balance Sheet and Strategic Exit from the U.S.

Proceeds from the sale of the greenhouse will strengthen the company’s balance sheet, providing working capital to ramp-up production and sales across Canada.

Federal Stay-at-Home Order? What Cannabis Businesses Need to Know

Industry advocates and attorneys weigh in on what federal COVID-19 guidance might entail and how it could impact businesses in the space.

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