Coronavirus Archives - Cannabis Business Executive - Cannabis and Marijuana industry news

Engaging in Activities that Violate Federal Law? DOJ Scrutiny of PPP Loan Recipients Turns to Ancillary Companies Supporting the Cannabis Industry

By: Bryna Dahlin, Mark J. Silberman, Ryan J. Levitt, Meghan Golden, Benesch Friedlander Coplan & Aronoff LLP Since its inception, the cannabis industry has always existed alongside significant regulatory and compliance challenges. These largely stem from the fact that the manufacture, distribution and possession of…

Marijuana stores can offer joints for vaccines in Washington

Licensed marijuana stores in Washington state can offer free joints to promote on-site COVID-19 vaccine clinics, officials said Monday. The state Liquor and Cannabis Board is calling the effort the “Joints for Jabs” program. The board says licensed adult-use marijuana…

Identifying Cannabis Markets During a Crisis

January 6, 2021
Jon Monk
Coronavirus
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By Jonathan Monk In times of crisis, we must never forget the power of human ingenuity. Some of the immense tragedies in history have been met with profound acts of innovation and creativity. As COVID-19 has rocked the modern business…

Why You Shouldn’t Cut Your Marketing Budget During a Pandemic

It cannot be denied that the COVID-19 pandemic has touched every facet of our lives. To this end, in the year 2020, the business landscape has undergone violent upheavals, transitions, and changes. This notion is also true in the cannabis…

How a Dispensary’s Financial Foundation Shined During COVID-19

October 20, 2020
Maureen Ryan
Banking, Finance & Real Estate, Best Practices, Coronavirus
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COVID-19 pandemic wreaked havoc on everyone’s 2020 plans—and cannabis companies were no exception. As in-person interactions shrunk, for instance, some companies had to rapidly rethink how they operate or risk alienating customers or missing out on a new opportunity. Fortunately,…

COVID-19’s Prolonged Impact on the Cannabis Industry

To say 2020 has thrown us a curve ball would be the understatement of the century. From growers, to producers and wholesalers, to retail sellers — the entire cannabis industry end-to-end has been impacted in some way by the COVID-19 pandemic.…

Mother’s Little Helper Is Back, and Daddy’s Partaking Too

After the kids go to bed, the grown-ups are drinking and smoking pot to distract themselves from the hellscape that is pandemic parenting. 7:51 p.m.: It’s exactly 125 days tomorrow. I am pretg drink. 7:52 p.m.: Drunk. 7:52 p.m. I…

Half of Cannabis Executives Slash Revenue Forecasts Due to Coronavirus, Reallocating Marketing Budgets to Digital Media and Virtual Events

New study quantifies the impact of COVID-19, with 56% of executives moving marketing spend to online events and digital media and 39% planning to scale-back staffing. Cannabis executives report slashing budgets and significant disruption to suppliers and services during the…

High stakes: How cannabis retailers can operate safely during and in the aftermath of coronavirus (COVID-19)

By Alison B. Torbitt, Staci Jennifer Riordan, Hillary Baca, Rachel L. Conn Cannabis companies, deemed essential businesses in many states, continue operating despite the COVID-19 pandemic. While many cannabis companies are struggling to stay open without eligibility for the Small…

Curating Consumer Insights for the Cannabis Industry

Amid the COVID-19 pandemic and the rising wave of mass demonstrations sparked by the tragic death of George Floyd, we felt it most appropriate to provide some broader perspectives on the latest consumer thinking during this chaotic time. To that…

Cannabis Business Leader

Leadership and COVID-19: How to Lead Your Cannabis Business During a Crisis

Leading through a crisis situation like the COVID-19 pandemic is challenging in all industries, and the cannabis industry is no exception. From effectively meeting customers’ needs and generating revenue to keeping employees motivated, effective leadership is critical to keeping a…

FSD Pharma Receives U.S. FDA Approval to Design a Phase 2a Clinical Trial to Treat Patients with Suspected or Confirmed COVID-19 Diagnosis

June 3, 2020
Press Release
Coronavirus, Hemp Policy & Legal, Press Releases, Science and Technology
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PRESS RELEASE TORONTO--(BUSINESS WIRE)-- FSD Pharma Inc. (Nasdaq: HUGE) (CSE: HUGE.CN) (FRA: 0K9A) (“FSD Pharma” or the "Company") today announced that the U.S. Food and Drug Administration (FDA) has given the company permission to submit an Investigational New Drug Application…

Restructuring Realities and Alternatives for Cannabis Companies in the Age of COVID-19

In the wake of COVID-19, there will be a tsunami of cannabis-related businesses looking for restructuring options. The cannabis industry has been hit especially hard in these unprecedented times. Even before COVID-19, some businesses in this industry were teetering on…

New York City Is Shut Down, But Its Black-Market Weed Is Booming

“There’s a morgue with refrigerated trucks down the street from me,” says one West Village customer. “If I could live in my bong right now, I’d do it” “There’s a morgue with refrigerated trucks down the street from me,” says…

Banking for marijuana companies included in Congress’ new $3 trillion coronavirus stimulus bill

The HEROES Act is likely to pass the Democratic-controlled House, but faces an uphill battle in the GOP-controlled Senate Cannabis industry advocates applauded House Democrats on Tuesday after a new $3 trillion federal stimulus bill included provisions to allow marijuana…

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