Farm Credit Canada COVID-19 assistance available to cannabis sector – with a catch

  • Farm Credit Canada COVID-19 assistance available to cannabis sector with a catch
  • Farm Credit Canada (FCC) said cannabis businesses hit by economic fallout from the COVID-19 pandemic are eligible to apply for short-term, government-backed credit and loan payment deferrals, a move that could provide a financial lifeline for some companies.
  • In theory, the FCC program could help Canadian cannabis producers facing a crash crunch during the ongoing pandemic.
  • However, eligibility requirements make it unclear whether many Canadian cannabis businesses would qualify for the program.

Read full article: mjbizdaily.com