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How the coronavirus crisis is reshaping the cannabis industry for the long term
Cannabis companies are entering a new normal as the coronavirus pandemic puts stress on every sector of business, fundamentally altering the industry in possibly permanent ways. The COVID-19 outbreak has…
News April 13
Investment veteran Tim Seymour offers his insights on the marijuana sector
As a frequent contributor to CNBC, Tim Seymour is the face of cannabis for the business news network.
News April 12
Week in Review: Cannabis firm iAnthus can’t make interest payments, MA gov sued, COVID-19 causes slide in adult-use marijuana sales & more
Multistate marijuana operator iAnthus defaulted on interest payments, in part blaming the coronavirus. In addition, the New York-based company revealed that its CEO is being investigated for a potential, but…
News April 11
Maine’s adult-use marijuana launch delayed until further notice
The start of Maine’s long-awaited recreational marijuana market was officially postponed on Friday because of the coronavirus pandemic. A new timeline won’t be announced until public health experts deem it appropriate to…
News April 10
Trulieve beats estimates, iAnthus defaults on debt, Harvest in multiple lawsuits & KushCo’s massive reserve for losses
The latest round of cannabis earnings highlight the potential long-term impacts of current conditions, driven by back-to-back crises and other events.
News April 10
Ohio medical cannabis sales hit record $13 million in March
Medical marijuana dispensaries in Ohio sold almost $13 million in product in March, setting an all-time record for one month as business surged during the coronavirus pandemic. Oregon also reported…
News April 10
Massachusetts marijuana firm cuts workers, blames COVID-19, governor
New England Treatment Access, a Massachusetts cannabis company, on Friday said it will reduce its workforce by an undisclosed number of employees as it has seen its store traffic drop…
News April 10
Cannabis businesses being good citizens amid COVID-19 crisis
Hand sanitizer was suddenly nowhere to be found as the coronavirus crisis escalated. Cannabis companies around the U.S. took their cue and saw an opportunity to pivot toward making a…
News April 10
KushCo reserves legacy customer sales, highlights pending write-off risk for sector
KushCo Holdings is a canary in the coal mine for the cannabis industry with regards to how bad debts are likely to impact profitability in the sector.
News April 10
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