COVID-19 Archives - Page 7 of 9 - Cannabis Business Executive - Cannabis and Marijuana industry news

Marijuana industry tested in virus crisis

The unofficial holiday celebrating all things cannabis arrives Monday as the nation’s emerging legal marijuana market braces for an economic blow from the coronavirus crisis, with many consumers reducing spending or going underground for deals. It was supposed to be…

Greg Gamet

The Whole Gamet: Operating a Dispensary During a Pandemic

Just another challenge for an industry accustomed to moving targets If ever there was a business sector that is accustomed to pivoting and adjusting to changing conditions, it is the legal cannabis industry. From rapidly evolving laws, to last minute…

Sales at Arizona marijuana dispensaries skyrocketed in March as coronavirus shutdown started

The coronavirus pandemic didn't slow down growth in Arizona's medical marijuana program, state figures show, with qualified patients buying more than a ton more marijuana in March than they did in February. The 17,095 pounds of marijuana sold by medical-marijuana…

Allowing marijuana businesses to open bank accounts could be part of coronavirus stimulus

Legislation allowing banks to provide credit cards and checking accounts to legal cannabis businesses has been stalled in the Senate. But members of Congress are looking to add its provisions to the next coronavirus stimulus bill, NJ Cannabis Insider has learned. The argument…

Mass. Recreational Marijuana Shops Lose Bid To Reopen During Pandemic

A Suffolk Superior Court judge has denied a request by a group of recreational marijuana businesses to reopen during the coronavirus pandemic. The businesses had sued Gov. Charlie Baker over his decision to shut down recreational pot businesses in his response to…

Cannabis giant Canopy Growth further shrinks global footprint

Canopy Growth's latest efforts to pare down its global cannabis operations include closing a US hemp farm and exiting Africa, the company announced Thursday. Much like other larger North American cannabis firms whose growth far outpaced that of the market they served, Canopy Growth (CGC) is…

Marijuana Has Been Deemed ‘Essential’ — But Essential for Whom?

As the coronavirus spread across the country in March, and stay-at-home orders began to go into effect, every state with a regulated cannabis system allowed weed sales to continue in some form, deeming medical-marijuana businesses essential during the pandemic, along with groceries and pharmacies. This, The New York Times declared, was “official…

Coronavirus Is Legitimizing Pennsylvania’s Marijuana Industry

Medical marijuana is essential. According to Pennsylvania Governor Tom Wolf’s executive order and Philadelphia Mayor Jim Kenney’s list of restrictions on business activity, cannabis is just as essential as food and toilet paper amid the global coronavirus pandemic. In mid-March, when both leaders mandated…

Could legal marijuana dollars be the boost the U.S. economy needs during a pandemic-triggered recession?

America’s driving down a long stretch of bad road, and it doesn’t look like the exit will be anytime soon. At least 22,000 people have died from COVID-19 related complications in the U.S. since the onset of the pandemic, and, in the…

Increase Revenue

How Cannabis-Related Businesses Can Increase Revenue During a Crisis Like COVID-19

The coronavirus pandemic has impacted workers and companies in every industry, including cannabis-related businesses, and there are many things you should be doing to prepare and operate during a crisis like this. However, COVID-19 doesn’t have to stop your business…

Cannabis Use Reached All-Time High in March Amid Lockdown Measures

Cannabis use hit an all-time high in March as lockdown measures spread across the U.S., giving people more free time with less to do. A March survey of 2,500 consumers by Cowen & Co. found that 33% had tried cannabis…

Colorado’s marijuana businesses can remain open during pandemic, but they say they’re still struggling

As the coronavirus fueled changes in regulation for Colorado’s cannabis industry, leaders at LivWell Enlightened Health knew they needed to make dramatic moves to keep the business and its workers thriving. And fast. On March 30, 18 company executives and…

How to Keep Your CBD Business Thriving Remotely

The world is on edge lately, and rightfully so. Stay at home orders across the country have very literally forced businesses of all varieties to close their doors and reassess operations from top to bottom. This has impacted virtually all…

The Illinois Cannabis Market Is Strong, But Shortages Will Persist For Months

Illinois’ new recreational marijuana market is off to a hot start even amid the spread of coronavirus. Earlier this week, the state announced nearly $36 million worth of legal cannabis was sold in March — on par with numbers from…

New Hampshire medical marijuana dispensaries shift delivery method during COVID crisis

When the crisis began, the lines seemed endless. Around 50 people showed up outside Prime Alternative Care Center in Merrimack at 11 a.m., anxious to pick up their prescribed therapeutic cannabis as other health clinics and businesses closed. But now…