Industry Headlines: Page 262

Michigan’s Adult-Use Cannabis Sales Increase in February

February’s sales reached $14.8 million, which is a 34% increase over January sales.

Harvest Announces Corporate Updates, Management and Board Changes

The company has announced progress on its ICG merger, the resignation of Executive Chairman Jason Vedadi and planned board appointments.

Cresco Labs Provides Update on Response to COVID-19

Cresco Labs views the health and safety of its customers, patients and employees as its number one responsibility during this challenging time.

Malawi Becomes Latest African Country to Legalize Cannabis for Certain Uses

The country will allow cannabis for medical and industrial applications.

Cannabis Operators Excluded from SBA’s Disaster Assistance During COVID-19 Pandemic

Low-interest loans up to $2 million offered by the Small Business Administration amidst the coronavirus outbreak will not extend to state-legal cannabis businesses.

National Association of Cannabis Businesses Adopts Standards for Safe Production and Storage of Cannabis-Infused Products

The NACB is collaborating with cannabis industry experts to define best practices.

Aurora Cannabis Announces Share Sale by Founder Terry Booth

The transaction is in connection with the company's previously announced transition plan.

Aleafia Health Secures Niagara Facility Cultivation License

“This is an important and long-awaited breakthrough for Aleafia Health. We can now fully leverage our supply chain across three completed, licensed production facilities,” said Aleafia Health CEO Geoffrey Benic.

Nabis Holdings Inc. Terminates Agreement to Acquire Desert’s Finest Dispensary in Desert Hot Springs, Calif.

Nabis will narrow its focus to its vertically integrated operations in Arizona and Michigan.

Canada’s Cannabis Industry Barred from Receiving Business Loans as Part of COVID-19 Relief Efforts

Ottawa has unveiled a plan to aid the economy as coronavirus continues to spread and forces businesses to close, but banks have refused to extend this assistance to the cannabis industry.

How The Green Solution’s Approach to Packaging and Online Ordering Is Serving the Company Well During the Coronavirus Outbreak

While the company is increasing sanitary measures and practicing social distancing in its cultivation and dispensary facilities, CEO Steve Lopez says many of its standard business practices are also helping to keep employees and customers safe.

Ayr Strategies Expands Paid Sick Leave With Help From United Food and Commercial Workers International Union

This is an immediate move to help counteract the encroaching public health crisis brought on by the spread of COVID-19 in North America.

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