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Canada’s COVID-19 olive branch for cannabis sector comes with caveat
The Business Development Bank of Canada (BDC) has made the country's cannabis industry eligible for COVID-19 emergency funding, an about-face that might provide financial relief to some established Canadian marijuana…
News April 6
Illinois adult-use marijuana stores sell $110 million in first three months
Adult-use cannabis stores in Illinois sold almost $110 million in products in the first quarter of 2020, state regulators say.
News April 6
Cannabis vaping firms nearly recovered from vape health scare, but COVID-19 concerns loom
Marijuana vaporizer companies are on the rebound since last summer’s vaping health crisis, reporting that sales numbers are largely back to normal despite concerns around the COVID-19 pandemic and its…
News April 6
So many cannabis trade groups, but which is right for your business’ needs?
In response to the cannabis sector's staggering growth, more and more stakeholders are joining trade associations that represent the industry.
News April 5
Week in Review: Marijuana firms cut costs amid COVID-19, L.A. cannabis licensing audit, NYSE aims to delist CannTrust & more
Three multistate marijuana operators – 4Front Ventures, MedMen Enterprises and Acreage Holdings – announced cutbacks in bids to accelerate their paths toward profitability, even as some experts questioned the overall…
News April 4
MedMen and Green Growth restructure, Acreage pulls guidance & Canntrust trading halts
It was a week of reckoning for many in the cannabis industry as the coronavirus outbreak has become the straw that broke the cash-challenged camel's back - or the material…
News April 3
MJBizDaily podcast: Marijuana firms pivot to virtual 4/20 events, New York adult-use cannabis appears stalled and more
Cannabis companies are hosting virtual 4/20 events amid COVID-19 concerns, instead of the usual monthlong parties and celebrations. Some of the other top headlines addressed in this week’s MJBizDaily podcast include:…
News April 3
Does Acreage’s pull of positive EBITDA guidance signal trouble executing funding plan amid coronavirus?
Abandoning the targets outlined only a month ago on its fourth-quarter call (the transcript is available here) shows how rapidly the COVID-19 situation is affecting Acreage.
News April 3
Big cannabis companies scale back amid coronavirus, raising questions about industry’s overall health
The COVID-19 outbreak is causing serious jitters among large cannabis companies, with a growing list of multistate marijuana operators scaling back by laying off workers and shuttering operations in a bid…
News April 3
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