A couple weeks ago, Steve Levine and Megan Herr discussed how cannabis businesses will remain plagued by the inability to receive financial assistance, as evinced by the Paycheck Protection Program. In this piece, they go into more detail on the SBA, the CARES Act and why cannabis businesses won’t be able to get any federal assistance.
These are just some of the hurdles potential investors and lenders may need to scale when looking at buying distressed cannabis assets. But as with anything else that’s up for sale, where there’s a will, there’s a way.
Despite the coronavirus pandemic, the country appears to be proceeding with its plans on April 1, but no joke here. New Zealand’s Medical Cannabis Agency opened its application process for cultivation and manufacturing.
The impact of COVID-19 on cannabis retail sales in the United States has been mixed with an episode of surge buying followed by lower sales at the end of March. The cannabis industry’s status as an essential business makes a difference. Safety tips for dispensary operators are provided.
Last week, Ellice Ogle delivered a presentation on food safety culture for infused products manufacturers. A lot of questions were asked, but she was only able to answer a few of them. In this piece, Ellice addresses the unanswered questions and provides some advice for fostering a food safety culture in your cannabis facility.
The FDA sent a warning letter to former NFL player Kyle Turley’s CBD brand for making unsubstantiated health claims that CBD can cure COVID-19. Even after the warning letter, Turley is still on social media claiming CBD can cure COVID-19.
The rush to hire and scale up has caused cannabis businesses to face layoffs, increasing exposure to EPL claims. Reduce your business’ risk with these 4 best practices.
Cannabis scientists have skills that can help during this crisis. Cannabis labs even have instruments that can be used for COVID-19 testing. The National COVID-19 Research Volunteer Database, recently launched by Harvard Postdoc, Michael Wells, is encouraging US-based life sciences scientists to sign-up.
Failure, the learning experience and the subsequent rapid innovation can often be a blessing in disguise. See how failure helped Dr. Roggen and Soheil Nasseri turn their research into something productive.
Libbey suggests we all use the new free time we have for some reflection: Small changes in the way we think and behave can lead to significant change.
