Cannabis News Box

Coronavirus stimulus money awarded to lucky few cannabis-related firms

https://mjbizdaily.com/marijuana-companies-mostly-shut-out-of-2-trillion-coronavirus-stimulus-package/

Bethan Rose Jenkins, Cannabis News Writer/Editorial

July 29, 2020

As of June 5, 2020, the Internal Revenue Service (IRS) had distributed 159 million coronavirus stimulus payments among residents of the United States. The $2 trillion federally-funded stimulus package enabled qualifying Americans to receive a one-time payment of up to $1,200; mainly by direct deposi...

Adult-use cannabis legalization initiatives in Arkansas will refocus efforts on 2020 ballot

https://www.ecosia.org/images?q=arkansas+cannabis#id=8E437A64D3D08413F40F148E165E8F462F23FFAB

Bethan Rose Jenkins, Cannabis News Writer/Editorial

June 15, 2020

A revitalized campaign initiative to legalize cannabis in Arkansas could see voters take action during the 2020 ballot. Due to the Coronavirus (COVID-19) outbreak, the process of collecting signatures was recently put on hold.  Thankfully for cannabis lobbyists in Arkansas, a court ruling that took place on ...

Statistics Canada: Canadian cannabis sales surge 19 percent amid COVID-19

https://steemit.com/news/@pressfortruth/p02uxynt

Bethan Rose Jenkins, Cannabis News Writer/Editorial

June 10, 2020

As the number of coronavirus (COVID-19) figures started stacking up across the globe, Canadian cannabis sales took a hike up north. Based on revenue results published by Statistics Canada for the month of March, sales increased 19.2 percent since February; suggesting that consumers could have been propelled into panic-...

Harvest is initiating a $24M cost-cutting strategy, laying off employees

https://business.financialpost.com/pmn/press-releases-pmn/business-wire-news-releases-pmn/harvest-health-recreation-inc-continues-to-grow-into-florida-opens-gainesville-store-a-total-of-six-in-state

Bethan Rose Jenkins, Cannabis News Writer/Editorial

June 1, 2020

In spite of the U.S. cannabis industry's unexpected success amid the COVID-19 outbreak, some companies in the legal weed space are anticipating future financial woes. One of them is multistate cannabis operator (MSO) Harvest Health & Recreation. Based in Arizona, cannabis MSO Harvest intends on slashi...

March revenue accounts for 40 percent of Arkansas’ first-year medical cannabis sales

March revenue accounts for 40 percent of Arkansas' first-year medical cannabis sales

Bethan Rose Jenkins, Cannabis News Writer/Editorial

May 28, 2020

The coronavirus (COVID-19) outbreak has been the most devastating “global pandemic” in more than a century. Its effects have been felt harshly across the United States, among hundreds of other countries and territories worldwide. Although there’s been a significant dark side to the pandemic – w...

Israeli researchers have confidence that CBD could relieve coronavirus symptoms

https://www.google.com/search?q=ISRAEL+CANNABIS%5C&safe=strict&source=lnms&tbm=isch&sa=X&ved=0ahUKEwiJtLKKtZXkAhVTeysKHbkkCLkQ_AUIEigC&biw=1350&bih=648#imgrc=r7wMy9MSe8QKoM:

Bethan Rose Jenkins, Cannabis News Writer/Editorial

May 20, 2020

Three clinical trials have just been launched by a team of Israeli researchers; of whom are optimistic that CBD (cannabidiol) – a non-psychotropic element of the cannabis and hemp plants – can provide patients with therapeutic relief from the coronavirus (COVID-19). Why this cannabinoid in particular? Aside fr...

Experts see silver lining for U.S. cannabis industry and Illinois is leading by example

https://www.ecosia.org/images?q=illinois+cannabis#id=BAF0AFDC3A7F093302B4CD311E7C8060B161D46F

Bethan Rose Jenkins, Cannabis News Writer/Editorial

May 20, 2020

In April, recreational cannabis sales in Illinois topped $37.3 million. The financial results indicate major success in the state's legal weed industry, which launched on January 1. It's a surprising outcome for the newly-launched market, which is still going strong despite the social distancing measures ...

Major cannabis tech firm MassRoots is approved for $50,000 federal stimulus check

https://cannabislifenetwork.com/massroots-explores-cross-listing-on-canadian-exchange/

Bethan Rose Jenkins, Cannabis News Writer/Editorial

May 20, 2020

Founded in 2013, MassRoots is one of the most well-established businesses in the cannabis space. However, it's latest SEC filings indicate annual revenue below $1 million. To make matters worse, for the fiscal year 2018, MassRoots had a market cap of $833.5 and annual revenue of $19.60 k — demonstrati...

Nevada’s tribal cannabis businesses are being proactive amid COVID-19 pandemic

Nevada’s tribal cannabis businesses are being proactive amid COVID-19 pandemic

Bethan Rose Jenkins, Cannabis News Writer/Editorial

May 8, 2020

As a global pandemic filters throughout the United States, some of the hardest-hit communities and territories are tribal lands. In Nevada where cannabis stores have been serving customers with delivery since March 20 tribal cannabis business owners have taken it upon themselves to soften the economic...

CEO of hemp extraction company offers advice after receiving stimulus assistance

CEO of hemp extraction company offers advice after receiving stimulus assistance

Bethan Rose Jenkins, Cannabis News Writer/Editorial

May 8, 2020

The Coronavirus Aid, Relief and Economic Security (CARES) Act – a $2 trillion stimulus package that was distributed around an estimated 92 percent of Americans – has left cannabis business owners scrambling for ways to gather funding that will aid their economic recovery post-pandemic. Why? Of the $349 billion th...

COVID-19