Coronavirus


Small-business coronavirus aid programs are out of money, SBA reports

Less than three weeks after the U.S. passed a $2.2 trillion stimulus bill to help individuals and businesses through the economic disruption caused by the coronavirus pandemic, the government has reportedly run out of funds for small businesses. The Coronavirus Aid, Relief and Economic Security (CARES) Act included $349 billion for small business Economic Injury […]

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Trade coalition asks SBA to include hemp farmers in coronavirus stimulus loan package

A coalition of hemp trade associations wants assurance that farmers – and particularly hemp farmers – will be eligible for key assistance programs under to help with business disruption caused by the coronavirus pandemic. Eight hemp organizations sent a joint letter to Small Business Administration Administrator Jovita Carranza on behalf of the 17,000 licensed hemp farmers […]

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Ohio deems CBD businesses nonessential

An Ohio agency focused on conflict management has decided which businesses in the state are essential during the coronavirus pandemic – and retailers selling CBD are reportedly not among them.

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Convenience stores adding CBD inventory despite pandemic

Convenience stores added CBD products to their inventories last month even as the coronavirus pandemic depressed sales, retailing analysts say. Convenience chains Circle K and Yesway added CBD products to shelves in March, according to CSP Daily News, which covers convenience store business. Circle K, a division of Laval, Quebec-based Alimentation Couche-Tard Inc., started carrying CBD […]

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CBD coffee maker extends grocery footprint as cruise-ship business drops

A California company that sells coffee to cruise lines and grocery stores says its subsidiary that makes single-serve CBD coffee pods is extending distribution in grocery stores, a hedge as cruise-ship sales have halted because of the coronavirus pandemic. Youngevity International of Chula Vista, California, announced Monday that its Javalution Hemp Coffee line has extended its […]

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Neptune hires new CFO, gains government approvals to make hand sanitizer

Neptune Wellness Solutions has appointed a new chief financial officer, Toni Rinow. Rinow has 20 years of business experience and is “well known for accelerating revenue streams through acquisitions, corporate development, sales and marketing, and financing,” the company said in its announcement Wednesday, the day Rinow started her new role. The company’s announcement Wednesday came […]

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Hemp and CBD companies step up to donate hand sanitizer, supplies in battle against coronavirus

Private and public companies nationwide have rallied to donate money and supplies in the fight against the coronavirus pandemic – hemp and CBD companies among them. At such an unprecedented time in world history, hemp and CBD companies are pitching in and doing their part by: Donating medical supplies like gloves and masks Donating profits […]

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Federal Reserve’s new loan programs include $600 billion to support businesses

More money may be available to hemp businesses as the Federal Reserve announced plans on Thursday to release up to $2.3 trillion in loans to help the U.S. economy through disruptions caused by the coronavirus crisis. The announcement came just moments after the U.S. government reported that 6.6 million new jobless claims were filed last week. […]

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FDA cracks down on three CBD companies making COVID-19 claims

The U.S. Food and Drug Administration has sent warning letters to three more CBD retailers for making COVID-19 claims. Letters were sent to Indigo Naturals and Native Roots Hemp on Monday, and to CBD Online Store on Wednesday. The FDA warned them to stop making claims linked to the coronavirus or else risk legal action, including seizure […]

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