Hand sanitizer has become one of the most precious commodities on the market right now. Three months after appearing in Wuhan, China, the Coronavirus pandemic has infected over 700,000 individuals and claimed at least 30,000 lives. Medical experts say regularly washing your hands with soap and water or sanitizer is the best way to avoid contracting the virus, alongside social distancing and self-isolation.
However, panic buying coupled with an extremely high demand for hand sanitizers and personal protection equipment (PPE) has led to a shortage. And as the number of COVID-19 patients increases, we can expect more shortages, especially as most hospitals are already trying to stretch their resources. To help alleviate this, firms that don’t traditionally manufacture sanitizer have pledged to use their facilities to produce free hand sanitizer, and the cannabis industry hasn’t been left behind.
Cannabis was recently categorized as an essential service, and numerous state governments have taken steps to ensure cannabis businesses remain operational during the lockdown. These include online purchasing, home deliveries, and curbside pickups. A few marijuana companies have decided to donate resources to help in the fight against the Coronavirus.
Glass House Group uses PPE gowns in its cultivation facilities for pest control, and the firm donated 1,000 PPE gowns to Cottage Hospital in Santa Barbara. Glass House Group also runs a dispensary, the Farmacy in Santa Barbara, which started a Food Bank give back program to ensure kids receive a healthy lunch. On top of that, the company will provide two weeks of paid sick leave for any employee who is infected with the virus.
Santa Rosa, California based firm CannaCraft is using ethanol from cannabis extraction to create a hand sanitizer formulation. According to Tiffany Devitt, President of Wellness, the company had several thousand pump bottles that couldn’t be used due to a change in regulations.
“With the combination of the ingredients, our large scale manufacturing equipment, and our team of in-house chemists, we were ready to start making a lot of hand sanitizer within days of learning about the shortage around the country.” The firm had 25,000 bottles slated for distribution, and its goal is to make 100,000 bottles of hand sanitizer with their next order.
Canopy Growth, on the other hand, has donated health equipment like gloves, face masks and bodysuits to local hospitals in Canada. “We committed our personal protective equipment from our recently shuttered B.C sites to the frontline staff at a local health unit in Victoria,” said spokeswoman Jordan Sinclair.
Analysts say the cannabis companies mentioned in the discussion above are just a tiny fraction of the industry and they believe that all sector players, including Sugarmade Inc. (OTCQB: SGMD), are doing everything that they can to help in the fight against this pandemic that has brought the world to a near-standstill.
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