Despite the fact that pot is probably putting more than its share of the nation’s psychological wellbeing on its back, the federal government doesn’t seem to be willing to offer legal weed an equal measure of support. The Small Business Association stated last week via Twitter that cannabis businesses will remain ineligible to receive any of the $50 billion in low-interest disaster relief loans that the president promised the agency would distribute.
Small Business Administration
Congressman Earl Blumenauer (D-Oregon) isn’t happy with new anti-cannabis guidance from the federal Small Business Administration (SBA). In a recent letter addressed to SBA head Linda McMahon, Rep. Blumenauer decried a new policy that restricts federal loans to businesses working within or with clients in the legal marijuana industry, calling on the agency to revoke the new rule immediately.