Senator Gets Marijuana Commitment From Biden’s Small Business Administration Nominee

MJ moment

President Joe Biden’s nominee to head the U.S. Small Business Administration (SBA) committed during a Senate hearing on Wednesday to examine marijuana businesses’ inability to receive aid that is available to companies in other industries—though she didn’t make any promises to solve the problem. “We do have legal state cannabis businesses,” Sen. Jacky Rosen (D-NV) told the nominee, Isabel Guzman, near the end of the two-hour meeting of the Senate Committee on Small Business and Entrepreneurship. “Will you work with our office to commit to consider providing legally operating cannabis small businesses equal access to SBA resources—loans, counseling, mentoring and training?” As is typical at Senate confirmations, the nominee’s response was rather opaque, but she did commit to study cannabis issues and work with the senator on possible solutions. “I commit to further understanding those rules and regulations,” Guzman replied, “and seeing how we can partner with your office to serve all the small businesses who are in need.” Nevada’s legal cannabis small businesses should have full access to @SBAGov resources, and I thank @IsabelCGuzman for her commitment to working with me on this critical issue. — Senator Jacky Rosen (@SenJackyRosen) February 3, 2021 Cannabis businesses and industry groups have complained about being excluded from federal small business programs open to virtually all other industries. But the COVID-19 pandemic and ensuing economic slowdown—as well as last summer’s wildfires—have brought new attention to the disparity. SBA officials confirmed in March of last year, as the pandemic broke out across the country, that state-legal cannabis businesses are ineligible for federal disaster relief loans offered to other small businesses. The agency went even further to say that the loans are also off-limits to businesses that indirectly serve the marijuana industry. Rosen, along with Sen. Ron Wyden (D-OR) and other lawmakers, penned a…

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Source : Senator Gets Marijuana Commitment From Biden’s Small Business Administration Nominee

reposted by Cannabis News World

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