Colorado Governor Asks Congress To Let Marijuana Businesses Get Coronavirus Aid Funds
Posted On April 13, 2020
- Colorado Governor Asks Congress To Let Marijuana Businesses Get Coronavirus Aid Funds
- Even as many states deem marijuana businesses to be essential operations that can continue their activities during the coronavirus pandemic, ongoing federal cannabis prohibition means they can’t get access to relief funds available to other industries under COVID-19 legislation passed by Congress.
- Unfortunately, a large number of small businesses in Colorado are not eligible for these loans due to their involvement in the state-legal cannabis industry, which is a major employer and tax revenue generator in our state, Gov. Jared Polis (D) wrote in a letter to a Colorado congressman on Monday.
- In an ideal world, Congress would include a provision in an upcoming bill guaranteeing that all state-legal cannabis businesses, direct and indirect, will be eligible for these loans, Polis said.
Read full article: forbes.com