Industry Headlines: Page 258

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.

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.

Solace Holdings and Aether Gardens File Lawsuits Against Cannadips Entrepreneur

The defense has filed for a lawsuit in federal court, which centers around $1.2 million in purportedly unrepaid loans, to be stayed.

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.

Charlotte Figi, Namesake of Charlotte’s Web CBD Cultivar and Subject of CNN ‘Weed’ Documentary, Dies Due to COVID-19 Symptoms

“Charlotte is no longer suffering,” photographer Nichole Montanez wrote on behalf of the Figi family. “She is seizure-free forever. Thank you so much for all of your love.”

Senate Coalition Urges SBA to Extend Economic Assistance to Cannabis Industry

Eleven U.S. Senators have sent a letter to leadership asking that cannabis businesses qualify for loans and other federal relief programs.

Survey Results: COVID-19 Poses Challenges for Cannabis Industry

Nearly 40% of cannabis businesses reported having to shut down a segment of their business since the outbreak started, according to a recent survey by Cannabis Business Times.

Our New Virtual Conference Series Brings In-Depth Cannabis Education to You

The Risk Mitigation Virtual Conference launches April 23 with a special three-hour digital event at no cost to registrants.

CBD and COVID-19 Part 1: How Sales Are Trending

In a two-part series, Hemp Grower explores how COVID-19 has impacted the CBD industry so far, how companies are responding and what lies ahead.

Hemp Growers Will Need to Educate Lenders When Seeking Small Business Loans

With federal stimulus packages offering small business assistance, now is the time to realize that you’ll be educating the lender about what hemp is.

The DEA Has Descheduled Epidiolex. What Does That Mean?

This latest move may foreshadow a future of pharmaceutical drugs that contain CBD.

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