- 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.
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