For the past couple of months, the coronavirus disease 2019 (COVID-19) pandemic has wreaked havoc on the U.S. and global economy. In the U.S., more than 39 million people have filed an initial jobless claim within the past nine weeks, while the unemployment rate in India has increased from 8.7% in March to more than 27% by May 3.  Regardless of the country, the results are similar.

COVID-19 has also been relatively indiscriminate when it comes to the economy. Though pockets of strength have emerged, most industries have been negatively impacted by the spread of the coronavirus and the mitigation measures put in place to curb its transmission.

CannTrust Holdings Inc. (“CannTrust” or the “Company”) announced that it has received notice from Health Canada that the Company’s licenses for its Fenwick Perpetual Harvest Facility (the “Fenwick facility”) have been reinstated.

Canopy Rivers Inc. (OTC: CNPOF) is laying off employees and cutting back on spending as the company focuses on positive cash flow. The venture capital firm that specializes in cannabis companies said that it is streamlining its operations to preserve its cash on hand.

However, Canopy Rivers said it is still planning on repurchasing some of its subordinated voting shares and that is can buy up to 10% of these shares. The stock was lately trading at $1.02 per share.

A licenced cannabis greenhouse in Leamington, employing about 120 people will be shutting down operations over the next six weeks.

Tilray, Inc. the owner of High Park Gardens announced Wednesday it would be closing its Leamington operation. The company says the closure is expected to yield $7.5 million in annualized net savings.

“We are continuously evaluating the evolving needs of our business, against a challenging industry backdrop, to ensure we’re in the best position to produce world-class products and deliver positive results for our stakeholders,” Brendan Kennedy, Tilray CEO said in a statement.

There are all kinds of techniques people use when it comes to growing premium bud. Some people have their tried-and-true methods that they swear by while others are still in the trial-and-error period of their growing journey. Regardless of skill level, when it comes to growing a flourishing crop, the first place to begin when choosing to grow cannabis plants is with knowing how to properly select quality seeds.

So what if cannabis is legal? Some residents of West Nipissing in northern Ontario argue weed stinks and they don’t want the smell in their town.

As a result, town council is examining an odour bylaw that would restrict what some say is pungent smells emanating from legal weed operations.

Any such move could cement the community’s apparent view of pot. Currently, the municipality does not allow smoking cannabis on sidewalks, but smoking cigarettes is fine and dandy.

On a typical Saturday, at 4:30 am, Boulder, Colorado-based competitive ultramarathoner Flavie Dokken takes 5mg of Wana Recreational Tarts, puts on her running shoes, and heads out for a five-hour run. But Dokken is not your typical stoner, she uses cannabis as part of her workout routine and she is sponsored by Wana Brands, a cannabis company that produces cannabis-infused products. Dokken told Vice that the gummies help her tune into her breathing. Although Dokken uses THC (tetrahydrocannabinol, the psychoactive element of cannabis) during training, she stops using it a week before race day because of drug testing.

Lennox Lewis and Mike Tyson, two former heavyweight champions, could be meeting once again. Instead of the squared circle, however, Lewis will be joining Tyson as an investor in the cannabis industry, which his former rival has embraced with zeal.

Lewis, a three-time heavyweight champion who knocked out Tyson during a title bout in 2002, is investing in Canadian company New Maple Holdings Ltd., which specializes in designing large-scale grow facilities for medical marijuana.

The company also has two subsidiaries: New Maple Consulting offers technological advice to new cannabis businesses and licensed weed producer CanWe Growers.

Lewis will also serve as an executive advisor for the company, focusing in sports recovery.

In the cannabis industry, there are behemoths and smaller marijuana stocks. While both have their own value points, investors tend to focus on the bigger pot stocks first. Without a doubt, it is a tough time to invest in marijuana stocks. But, for anyone who has been watching the industry in the past few months, they know that it has gotten much more stable. This stability is defined by seeing more consistent gains, and less large jumps in prices. And while this may be true for the moment, it is difficult to predict just how long this stability will last.