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Health Canada still processing new cannabis licenses during COVID-19 crisis
Health Canada says it will continue reviewing applications for new cannabis licenses and security-clearance applications during the COVID-19 pandemic, but applicants might face some delays.
News March 27Insurance-covered cannabis in Germany sets fourth-quarter record, pushing 2019 total to 123 million euros
Insurance reimbursements for medical cannabis in Germany reached a new high during the October-December period, propelling total reimbursements last year up nearly 70% from 2018, according to new data from the German…
News March 27Marijuana packaging firm KushCo lays off 49, blames COVID-19
KushCo Holdings, a cannabis company specializing in ancillary products such as packaging, on Thursday said it laid off 49 employees this month as the California company’s CEO noted that “the COVID-19…
News March 26Canada asks regulated cannabis labs for help in COVID-19 testing
Health Canada is working to identify lab capacity across the country to assist with COVID-19 testing, and the agency has reached out to certain federal cannabis license holders for help,…
News March 26New Zealand cannabis scheme on schedule for April launch despite COVID-19 pandemic
The coronavirus pandemic sweeping the globe is not expected to affect the initial launch of New Zealand’s medical cannabis scheme, which is set to take effect April 1, a government…
News March 26Coronavirus impact felt in cannabis industry M&A as Harvest Health-Verano deal scuttled
The once-booming market for cannabis mergers and acquisitions is now feeling fallout from the COVID-19 pandemic, on top of all the other problems that have brought M&A activity to a…
News March 26Cannabis labs watchful of supply disruptions during coronavirus crisis as testing demand remains strong
Marijuana testing labs report steady business as the COVID-19 outbreak rolls on, though concerns loom over the availability of protective equipment such as gloves and masks and other cleaning supplies.…
News March 26Harvest avoids 42% dilution after Verano deal terminated, but guidance cut likely on April 7
Another deal made in different times failed. Harvest's planned acquisition of Verano was called off, with both companies citing regulatory delays (exacerbated by the coronavirus response) and declines in capital markets.
News March 26Mexico Senate suspension over COVID-19 puts cannabis legalization deadline in doubt
The Mexican Senate struck an agreement to postpone most legislative activity as part of the second phase of contingency measures to fight the coronavirus pandemic. The decision casts serious doubt…
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