The Business Development Bank of Canada (BDC) has made the country’s cannabis industry eligible for COVID-19 emergency funding, an about-face that might provide financial relief to some established Canadian marijuana businesses with access to financial institutions.
Cannabis businesses were previously excluded from the COVID-19 lending offered by the BDC, a federally owned and operated entrepreneurial bank, sparking appeals for help from the regulated marijuana industry.
Because of the vast economic impact of the COVID-19 pandemic, the BDC now says cannabis businesses have been included in the expanded scope of eligibility.
Those programs are:
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