Vaccine mandates aren’t popular among cannabis employers, most of whom are too small to face government directives.
Now that the omicron variant of COVID-19 has found its way into the United States, marijuana businesses – particularly retailers – are contemplating how the shifting pandemic situation might affect their daily operations.
In a rare move for the marijuana industry, the city of Portland, Oregon, is financially assisting cannabis businesses negatively affected by the COVID-19 pandemic and other problems.
Los Angeles-based financial technology firm Bespoke Financial said it closed on a $125 million credit facility with institutional investors to increase its lending capacity.
Thousands of Canadian marijuana industry workers have lost or left their jobs since early 2020, even as their employers received more than $140 million Canadian dollars ($112 million) in federal subsidies to retain or rehire employees amid the pandemic, an MJBizDaily analysis has found.
Adult-use cannabis sales in Western states haven’t been able to keep the pace that led to exceptional growth in 2020, with lackluster summer sales showing a decline in growth from the previous year.
A coronavirus-induced labor shortage among marijuana cultivators is causing production delays, straining workers and costing some companies thousands of dollars in lost profits.