Ten members of the Senate, led by Senators Jacky Rosen (D-NV) and Ron Wyden (D-OR), and 34 members of the House, led by Representatives Earl Blumenauer (D-OR) and Tom McClintock (R-CA), have recently issued letters requesting Small Business Administration funding programs be expanded so that they may be accessed by state-licensed cannabis businesses.
Hemp Industry Daily is providing a free calculator intended to help cannabis companies forecast their financial performance based on different revenue assumptions during the current economic tumult. The tool is designed to provide a snapshot of how a prolonged pandemic situation – or some other variable – might affect a business: If revenue drops 20%, […]
Canopy Growth, a global cannabis giant that muscled its way into the U.S. hemp market, has announced that it is shutting down its hemp-growing operation in New York state, citing a glut of hemp from last year. The Canada-based company will cease farming operations in Springfield, New York, but will continue using its hemp supply […]
Right now, the majority of states that regulate cannabis commerce have deemed the industry to be “essential” to the health and welfare of the community. Many of these establishments are small-to-medium size operators, and their employees are keeping their doors open without access to the support systems in place for other businesses, thus depriving them of much-needed resources in this time of crisis.
Here at NORML, we take our work seriously. With so many unsubstantiated claims being made regarding cannabis and staying safe during the COVID-19 outbreak, we’ve compiled a list of resources for consumers and ways your activism can thrive during social distancing. NORML’s Responsible Consumer Safety Tips As a member of our NORML family, we earnestly care about your well-being. We all know a large part of what binds cannabis consumers together is community and sharing. However, while we are living through the current pandemic consumers should be more mindful of day-to-day consumption practices. Read and download NORML’s consumer safety tips. A NORML Reminder: Beware of COVID-19 Cure All Claims NORML wishes to reiterate its message that the public beware of… Read More
Two beer giants had big plans to sell CBD infused beverages in Canada by the end of last year. But only one has hit shelves yet, underscoring the challenged cannabis drinks market in Canada. Fluent Beverage Co., a partnership between St. Louis, Missouri-based Anheuser-Busch InBev and Canadian cannabis giant Tilray, says it launched a line […]
The initial public offering for “blank check” company Collective Growth Corp. continues to be delayed on the Nasdaq because of the volatile stock market and uncertainty caused by the global coronavirus outbreak. The newly organized company, led by former Canopy Growth Corp. executives Bruce Linton, Tim Saunders and Geoff Whaling, was established in hopes of […]
Today, a letter sent last week regarding the state-legal cannabis industry and the prohibition of access to the services of the Small Business by Senators Jacky Rosen (D-NV), Michael Bennett (D-CO), Cory Booker (D-NJ), Tammy Duckworth (D-WI), Kirsten Gillibrand (D-NY), Kamala Harris (D-CA), Ed Markey (D-MA), Robert Menendez (D-NJ), Jeff Merkley (D-OR), Bernie Sanders (I/D-VT) and Ron Wyden (D-OR) additional signers became public
Call it a benefit of being on the legal side of the cannabis business. Legal hemp businesses are eligible for emergency loan assistance and other lifelines included in the $2.2 trillion economic stimulus signed into law last week to hold off economic devastation from the coronavirus pandemic. You can apply for Economic Injury Disaster Loans […]
“All that is needed by Congress is the passage of a one line legislative fix to protect tens-of-thousands of American jobs in a supply chain that serves over three million medical marijuana patients.”
