Cannabis in the Next US Stimulus Package?
New US Bill Could Mean Federal Dollars and More Legitimacy for Cannabis Companies – LPC
A new bill could put cannabis in the next US stimulus package. US Congressman Ed Perlmutter introduced a bill to allow cannabis companies access to banking services including loans.
“Cannabis businesses are major employers and significant contributors to local economies in Colorado and across the country,” Perlmutter said. “They should receive the same level of support as other legal, legitimate businesses and be eligible for SBA relief funds during this COVID-19 crisis.”
According to Perlmutter, cannabis in Colorado employs 45,000 people and generated $1.7 billion in sales. The stimulus package in general also helps provide financial cover worker salaries, health care benefits, and family or sick leave.
The details seem similar to the SAFE Banking bill introduced last year, but has yet to pass.
If lawmakers put cannabis in the next US stimulus package, it could go a long way to helping the US federal government make cannabis legal at the federal level. Some predict that cannabis legalization in the US might come this year, but not everyone is convinced.
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