“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.
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.
The governor of Colorado is seeking to change that.
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Tom Angell ~ Forbes.com ~