Marijuana Industry Pleads For Access To Federal Coronavirus Business Relief

Marijuana Industry Pleads For Access To Federal Coronavirus Business Relief

As Congress scrambles to reach a consensus on how to help Americans caught in the financial fallout of COVID-19, a coalition of marijuana industry trade groups is urging federal lawmakers not to forget about the hundreds of thousands of workers in state-legal cannabis industries. Legal marijuana now employs an estimated 240,000 people in the U.S. but, because cannabis remains federally illegal, marijuana businesses remain cut off from nearly all benefits at the federal level, including emergency relief funds. In a letter sent Friday to leaders of the House and Senate, major cannabis industry associations called on lawmakers to remove those restriction and ensure that state-legal cannabis businesses can qualify for assistance. “Our members follow strict regulations, create jobs, generate billions of dollars in tax revenue—including federal corporate tax revenue—and act as good corporate citizens,” the groups said. “Yet it appears as if these businesses will not be eligible for the same loans available to other businesses in this country at risk due to the global pandemic.” The letter was sent jointly by the National Cannabis Industry Association, National Cannabis Roundtable, Minority Cannabis Business Association, Global Alliance for Cannabis Commerce and Cannabis Trade Federation. “The ineligibility of cannabis businesses for disaster assistance loans is especially inequitable given that these same cannabis businesses are required to comply with other coronavirus-related measures, such as paid sick leave coverage,” the organizations wrote. “​We are not seeking special treatment for state-legal cannabis businesses. We only seek to have them treated on an equal level as…

Excerpt only …
READ MORE BELOW
Source : MJ moment
Link to original : Marijuana Industry Pleads For Access To Federal Coronavirus Business Relief
reposted by Cannabis News World

Advertisements

This site uses Akismet to reduce spam. Learn how your comment data is processed.