Industry Headlines: Page 260

Illinois Again Extends Deadline for Cannabis License Applications Due to COVID-19 Pandemic

Gov. J.B. Pritzker has signed an order that extends the deadline for cannabis infuser, craft grower and transporter licenses from March 30 to April 30.

Hightimes Holding Corp. Signs LOI to Acquire Humboldt Heritage Inc.

High Times will acquire the California-based cannabis holding company and its subsidiaries Humboldt Sun Growers Guild and Grateful Eight LLC.

DEA Takes Steps to Approve Cannabis Cultivation Applications, States Issue New Rules for Industry Amid COVID-19 Concerns: Week in Review

The Drug Enforcement Administration has issued a notice of proposed rulemaking to amend its regulations in an effort to approve pending applications for licenses that allow entities to grow cannabis for research purposes.

Charlotte’s Web Reports $18.8M Q4 Loss, Executives Discuss Challenges and the Future

In a recent earnings call, Charlotte’s Web executives discussed a drop in Q4 sales due to regulatory uncertainty, its recent Abacus acquisition and how the coronavirus will impact business.

Jushi Holdings Inc. Provides Shareholder Update on Operations

All stores remain open in Pennsylvania and Illinois, and the company is prioritizing its medical patients and customers most susceptible to COVID-19.

Kentucky Hemp Company Argues COVID-19 Voids CBD Contract

Third Wave Farms is arguing its agreement with Pure Valley Solutions should be terminated because of an uncontrollable event: the coronavirus pandemic.

Colorado Department of Revenue Releases Average Market Rates for Retail Marijuana Effective April 1, 2020

Three of the seven AMR categories decreased this quarter, including bud, trim and wet whole plant.

COVID-19 May Delay the Launch of Maine’s Adult-Use Cannabis Market

While the state planned to open the market in June, a memo from the Office of Marijuana Policy states this timing could conflict with social distancing guidelines.

3 Tax Tips for Your Hemp Business

MGO | ELLO’s Sanjay Agarwal shares some guiding principles for hemp operators this tax season, from the structuring of the business to incentives to sell products to a broader global market.

In Midst of Coronavirus Outbreak, Cannabis Businesses Are Declared ‘Essential’

A growing number of municipalities implementing quarantine measures are placing cannabis dispensaries along the same lines as grocery stores, pharmacies and police stations, allowing them to remain open.

OxiClean Spokesman Anthony Sullivan Turns TV Spotlight on Hemp

In 2019, Anthony Sullivan embarked on growing and processing his own hemp for CBD in a journey that has been documented for an upcoming TV series.

Mana Supply Co. Opens Drive-Thru in Response to Accelerated Demand and COVID-19 Pressures

With help from the state, the company expedited its drive-thru plans to assist patients in need during the coronavirus outbreak.

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