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Business Issues/Benchmarks: Page 259
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.
Ontario Allows Cannabis Retailers to Reopen with Delivery and In-Store Pick-Up Services
The province passed an emergency order allowing dispensaries to reopen after deeming them “non-essential” in an update last week.
Canadian Cannabis Industry Now Eligible for Funds Issued to Businesses as Part of COVID-19 Relief Efforts
While the industry was initially excluded from Ottawa’s plan to aid the economy, the Business Development Bank of Canada has clarified that cannabis businesses can qualify for loans and other assistance.
Cannabis and COVID-19: How the Pandemic Will Influence the Future of the Cannabis Industry
COVID-19 has affected every person and every business in the U.S. in some small or tragically large way.
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