Democrats Seek Law to Let Marijuana Businesses Access Federal Relief Amid Coronavirus Pandemic
Democratic congressmen proposed a legislative solution Thursday for marijuana businesses struggling to stay afloat due to the economic impact of the ongoing coronavirus pandemic.
Reps. Earl Blumenauer of Oregon and Ed Perlmutter of Colorado introduced a bill that would let marijuana businesses access federal assistance currently unavailable to the cannabis industry.
Titled the “Emergency Cannabis Small Business Health and Safety Act,” passage of the proposal would allow state-legal marijuana businesses to become eligible for government aid including the Paycheck Protection Program (PPP), Economic Injury Disaster Loans (EIDL) and Economic Injury Disaster Loans emergency advances, providing lifelines currently unavailable due to pot being prohibited under federal law.
– Read the entire article at The Washington Times.