Senators Want Marijuana Businesses To Qualify For Federal Coronavirus Relief Programs


A coalition of 10 lawmakers sent a letter to the body’s leadership on Wednesday, asking that they include language in the next coronavirus stimulus package that would allow marijuana businesses to access federal relief dollars just as companies in other industries can.

Sens. Jacky Rosen (D-NV) and Ron Wyden (D-OR) led the sign-on letter, which states that the cannabis industry deserves equal access to aid through two programs under the federal Small Business Administration (SBA): the Paycheck Protection Program and the Economic Injury Disaster Loan program.

Access to this relief “will allow these small businesses to keep their workers on payroll and prevent further job losses that are devastating the economy,” the senators wrote. “The coronavirus crisis demands relief for all workers and businesses, no matter the sector.”

As it stands, SBA specifically prohibits marijuana businesses — as well as those that work “indirectly” with the industry,…


This is just an excerpt, please Click here to read content on original website.

About Author

Leave a Reply

Your email address will not be published. Required fields are marked *

Share This