Senators Want Marijuana Businesses To Qualify For Federal Coronavirus Relief Programs

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, such as law and accounting firms — from receiving financial assistance amid the pandemic. This letter comes days after a coalition of House members, led by Rep. Earl Blumenauer (D-OR), made a similar request to extend access to the cannabis sector in an upcoming COVID-19 relief bill. The Senate passed its third phase of coronavirus legislation on Tuesday and, as was the case with prior rounds, cannabis businesses were left out. Advocates are now targeting an upcoming package. “Workers at state-legal cannabis small businesses are no different from workers at any other small business—they show up to work every day, perform their duties, and most importantly,…

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Source : Marijuana.com
Link to original : Senators Want Marijuana Businesses To Qualify For Federal Coronavirus Relief Programs
reposted by Cannabis News World

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