Cannabis companies pen letter seeking government help amid COVID-19

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 99%

Philippines News News

Philippines Philippines Latest News,Philippines Philippines Headlines

Cannabis companies are calling on Ottawa to provide immediate help for the industry, hurt by the steps taken to slow the spread of COVID-19.

About 71 cannabis firms and organizations have written a letter to Finance Minister Bill Morneau and Industry Minister Navdeep Bains asking for their companies to get access to wage subsidies being made available to small businesses.

They are also asking to get access to funding through federal agencies, the Business Development Bank of Canada and Export Development Canada. They say the BDC has indicated that cannabis companies cannot access $10 billion in stimulus funding they have to offer, so the industry is seeking more equitable treatment.

Among the letter's signatories are Canopy Rivers Inc., WeedMD, Organigram Inc. and Fire and Flower Inc. The cannabis industry had already experienced more than 2,000 job losses in the last six months and funding drying up, when COVID-19 hit, causing more layoffs and some pot retailers to close.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Who gives a crap. People getting high while many aren't able to afford food at the moment because people's income have been cut. People need to give their heads a shake and realize there's more important things to worry about other than getting high. Like umm perhaps food

Trump threatens billion dollar AIDS racket in aug 2019.

They were spiralling downward long before this virus hit. Taking advantage of this situation is reprehensible. I vote “no way”!!

liberal state governments legalize, then tax marijuana, to the point it now needs a government bailout! No different then the cities they run. C’mon folks vote out dems. All they do is move money from your pocket to theirs, and destroy everything it touches along the way!

Nope Nope Nope. Canadian weed companies completely fumbled the launch due to their own ineptitude , they're run by snake oil salesmen rather than competent businessmen. Weed companies across the globe are booming these days. Not here. Not a dime.

They can use their own product and be happy.

Just please remember some of these companies are trying to keep the supply going for real people in pain. These men & women work hard. Demand has risen so much in the last few weeks. Many clinics, treatment centers, specialized care. It's medicine everyone please remember that.

They are open just no one likes there expensive dry crap

Canada..the first drug dealers in the world who can’t sell weed

Let them stay open just like the liquor stores are.

Um really.

WTH

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in PH

Philippines Philippines Latest News, Philippines Philippines Headlines