MJBizDaily Newsletter

Get our daily email

Sponsored Content
More Exclusive Features

How the coronavirus crisis is reshaping the cannabis industry for the long term

Cannabis companies are entering a new normal as the coronavirus pandemic puts stress on every sector of business, fundamentally altering the industry in possibly permanent ways. The COVID-19 outbreak has exacerbated fault lines in the rapidly evolving market and led to number of new outcomes, including: Retailers adapting to changing consumer behavior by offering delivery, curbside […]

Read More

Week in Review: Cannabis firm iAnthus can’t make interest payments, MA gov sued, COVID-19 causes slide in adult-use marijuana sales & more

Multistate marijuana operator iAnthus defaulted on interest payments, in part blaming the coronavirus. In addition, the New York-based company revealed that its CEO is being investigated for a potential, but unidentified, conflict of interest. The company also postponed its financial results. MJBizDaily takeaway: COVID-19 aside, the disclosures from iAnthus are additional red flags for a company […]

Read More

Cannabis businesses being good citizens amid COVID-19 crisis

Hand sanitizer was suddenly nowhere to be found as the coronavirus crisis escalated. Cannabis companies around the U.S. took their cue and saw an opportunity to pivot toward making a now-essential product without too much disruption to their manufacturing processes. And businesses didn’t stop at hand sanitizer.

Read More

Marijuana companies mostly shut out of $2 trillion coronavirus stimulus package

Many states have declared cannabis companies “essential businesses” during the COVID-19 pandemic and allowed them to maintain operations, but the U.S. Congress and President Donald Trump don’t appear to see the industry as fundamental. They have barred state-legal marijuana businesses and most ancillary cannabis companies from receiving grants or low-interest loans through the newly enacted […]

Read More