New bill calls for cannabis companies to be eligible for federal COVID-19 help – TechCrunch

  • With another major round of COVID-19 federal financial assistance around the corner , two lawmakers in states with previously booming cannabis businesses are asking for the federal government to bring the industry in from the cold.
  • The legislation, proposed by Reps. Earl Blumenauer (OR) and Ed Perlmutter (D-CO), would make cannabis companies eligible for the Paycheck Protection Program, Economic Injury Disaster Loans, and emergency advances through the disaster loan program.
  • While many small business owners scrambled to apply for PPP loans, which turn into grants if applied toward keeping workers employed, few were able to secure the funds.

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