Fresh funds approved last week by Congress will replenish the Small Business Administration’s Payment Protection Program with another $310 billion, plus $60 billion for emergency loans on Monday. But there is doubt that even this newest round of stimulus funding to help small businesses through the disruption caused by the coronavirus will be enough, as […]
Hemp companies that are publicly traded and received emergency small-business loans may have to repay those funds under new guidance from the U.S. Treasury Department. When the first round of economic stimulus funding under the CARES Act ran dry last week, publicly traded companies that received loans began to draw scrutiny from small businesses and […]
Farmers and hemp businesses are eligible for another round of emergency loans with the enactment Friday of another round of federal funding aimed at keeping small businesses afloat. The latest stimulus package, worth some $484 billion and signed by President Donald Trump, is aimed at replenishing a depleted fund to help small businesses avoid layoffs […]
A Canada-based CBD manufacturer has entered an exclusive partnership with wildlife conservationist Jane Goodall to co-develop natural health and wellness products that will help support environmental conservation and reforestation initiatives. Neptune Wellness Solutions Inc., headquartered in Laval, Quebec, will work with Goodall to develop plant-based hand sanitizers, essential oils and hemp-derived products under the existing […]
It’s become a common theme in Mexico that deadlines to legalize hemp and marijuana come and go, but lawmakers had no control over the latest delay. As the coronavirus spread across the globe, lawmakers had to cancel further action in late March, missing an April 30 deadline Mexico’s supreme court set. Now, lawmakers have to […]
The Lebanese parliament has approved a law that allows the cultivation of cannabis up to 1% THC for medical purposes. Lebanon legalizes low-THC medical cannabis production is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
(A version of this story first appeared on Marijuana Business Daily International.) Brazil’s health authorities have authorized a THC-free oral CBD product, an important milestone for the cannabis industry in Latin America’s largest economy. The oral solution registered to Brazilian pharmaceutical giant Prati-Donaduzzi is the first medical cannabis product authorized for sale in Brazil under rules created in December 2019. […]
Hemp Industry Daily is making its June conference virtual, opening access to more industry operators to hear market insights and learn about new products. The Hemp Industry Daily Conference Direct takes place June 29 to July 1. The event will be hosted on an interactive and immersive online platform with exhibitors, speakers, and attendees who […]
Activists have been working for months registering new voters, collecting signatures, and educating the public, in hopes of giving voters in their state the opportunity to make their voices heard and cast their vote for marijuana. But social distancing guidelines have made this work virtually impossible. Here is an overview of key 2020 ballot initiative efforts and where they stand now.
Representatives Earl Blumenauer (D-OR) and Ed Perlmutter (D-CO) introduced legislation to allow state-legal marijuana businesses to apply for COVID-19 benefits through the Small Business Administration. Currently, the SBA is prohibited from engaging with cannabis businesses due to federal marijuana criminalization. In the majority of jurisdictions that regulate cannabis marketplaces, state policymakers have designated these operations to be ‘essential’ to the health and well-being of the patient community. In others, regulators have either relaxed protocols or moved forward with new, emergency rules to facilitate expanded access – such as permitting patients to seek telemedicine appointments and allowing dispensaries to permit curbside pick-up and home delivery. The new legislation would create an exemption for the SBA to allow it and it’s employees to facilitate… Read More
