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Senator pushes to amend banking marijuana law to provide industry access to Small Business Administration services

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A Democratic senator says she wants to amend the bipartisan banking marijuana bill to include provisions that would allow cannabis companies access to the services of the federal Small Business Administration (SBA).

Sen. Jackie Rosen (D-Nevada) said on Tuesday that lawmakers “should fully support cannabis small businesses that operate legally, and that means giving them access to [SBA] loans and resources.”

We must fully support small cannabis businesses that operate legally, and that means giving them access to it @employee Credits and resources.

That’s why we must include my bill to level the playing field for these small businesses in the bipartisan Safe Banking Act.https://t.co/sc05geMNds

Senator Jacky Rosen (@SenJackyRosen) May 16, 2023

To that end, the senator said, pointing to a link A recent opinion piece on the marijuana moment Minority Cannabis Business Association (MCBA) board member Tahir Johnson called for the legislation to be expanded to include SBA aid.

On Tuesday, Johnson responded to Rosen’s tweet linking his op-ed by telling the Marijuana Moment that “proponents and opponents of cannabis legalization are overwhelmingly opposed to the formation of ‘Big Tobacco’.”

Read the full article at Marijuana moment

Grow guide for marijuana beginners.

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