Ten U.S. senators, all Democrats, are urging congressional leaders to include small, state-legal marijuana businesses and related companies in future COVID-19 federal financial relief packages.
Since Marijuana remains a Class A illegal drug on a federal level, any businesses involved it its sale or production are eligible for pandemic economic stimulus aid.
To change that, cannabis industry officials and advocates are trying to get marijuana-related companies included in all future recovery packages.
“Many in the industry believe that cannabis companies not being eligible for financial relief is fundamentally unfair, especially given that so many state’s declared the industry essential,” said Scott Roberts, principle at ScottRobertsLaw.Com. His firm represents cannabis companies.
“However,” Roberts said, “more than a few industry insiders are also concerned that if cannabis companies become eligible, it could lead to a public backlash that could potentially hurt the industry.”
Democrats in particular are advocating for the legal cannabis industry. Some 33 states now have either legalized medical marijuana or adult-use recreational marijuana. Adult-use cannabis was legalized in Michigan on Dec. 1, 2019. Medical Marijuana has been legal in Michigan for nearly a decade.
You can reach Roberts at email@example.com