Colorado’s marijuana businesses should be eligible for federal coronavirus aid, Polis tells Congress

  • Colorado’s cannabis industry is allowed to remain open to provide critical services during the coronavirus pandemic, but because marijuana is a federally controlled substance, dispensaries and other businesses are ineligible to receive stimulus funds to help offset the economic impacts caused by COVID-19.
  • 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, Polis wrote.
  • As you can imagine, there are hundreds of Colorado companies that fall into the latter category, from HVAC companies and lighting equipment suppliers to law firms and accounting firms, Polis said.
  • 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.

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