Hoarding… Cannabis?

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3 mins read

The era of social distancing is firmly upon us.

But before people headed into prolonged time at home, it seems they stocked up on essentials – like record amounts of cannabis.

Last week, Business of Cannabis launched our Virtual Events series – and our programs continue this week. (See “Week Ahead” below.)

But with the downturn in the economy, what steps can businesses take to ready themselves? We are doing deep dives on COVID-19 itself (today), on how retailers are reacting (on Friday) and how companies can effectively communicate during these challenging times (next Monday).

Read on…

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News Review

Canadian cannabis retail has seen a boom of sales during the lockdown. But does a full closure of stores eminent? Mugglehead takes a look. And before that happens (or not) in BC, click-and-collect for retail is now a thing.

Businesses – and the economy – are teetering. Government support seems to be moving forward – but are cannabis businesses being left out? (Mugglehead) Perhaps the BDC isn’t in the business of helping cannabis businesses, but Farm Credit Canada is open for business.

One company that announced layoffs amid COVID-19 is Lift+Co. Their release

In NJ, cannabis is now an essential service. On the other hand, Nevada has closed their dispensaries.  

If you are wondering if smoking cannabis in the age of COVID-19 isn’t the best thing for you? Leafly took a look – and recommends edibles. And, Bill Maher recommends not sharing joints.

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Week Ahead

TODAY
12:45 pm | Call In Live

COVID-19 What you need to know with Dr. Mike Hart
JOIN

Tuesday, Mar. 24
BofC Live video + podcast
Featuring George Smitherman, President + CEO, Cannabis Council fo Canada

Benchmarks Update Newsletter
Last week’s Benchmarks Update

Wednesday, Mar. 25
Business of Cannabis Virtual Event Program Announcement
Cannabis + Technology | Retail Tech presented by LeafLink

Thursday, Mar. 26
Job of the Week Newsletter
presented by Cannabis At Work Official Human Capital Partner of Business of Cannabis
Last week’s Job of the Week

Friday, Mar. 27
Friday Virtual Lunch+Learn with Mimi Lam, CEO + Co-Founder, Superette
Operate cannabis retail in the midst of social distancing.
JOIN

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Latest from BofC

Mar. 20, 2020 | Virtual Lunch+Learn with David Brown

On Friday, March 20, Business of Cannabis welcomed David Brown for an interactive, digital conversation. In this conversation, Brown, a Cannabis Policy Expert with a deep history and knowledge into the Canadian cannabis sector and culture, shared thoughts about the myths and realities of new licence categories like Micro and Nursery, and some of the some of the real issues for these licence holders moving forward. Watch.

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George Smitherman, President + CEO, Cannabis Council of Canada

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