This is our chance to help make history…

The economic impact of COVID-19 is staggering, and there’s a chance it could get worse before things get better.

In response, the Federal Government enacted a series of bailout packages and stimulus funding bills to help businesses, small and large, manage this unprecedented scenario.

But there’s one big problem.

The cannabis industry is mostly locked out of accessing this money. The one exception is for qualified hemp farmers and hemp businesses. But that’s a small section of a much, much larger industry.

This can change, of course, and there are steps you can take right now to do something about it.

Today, you have the power to make a difference…

Cannabis Businesses Need to Be Included in SBA Loan Relief

In a letter sent to the United States Senate Appropriations Committee, 11 senators, led by Jacky Rosen (D-NY), stated the Small Business Administration (SBA) should immediately refrain from denying loan applications to businesses operating in the cannabis space. Bernie Sanders (D-VT), Kamala Harris (D-CA), and Cory Booker (D-NJ) were some of the most notable cosigners.

Senators Jeffrey Merkley (D-OR) and Ron Wyden (D-OR), two other cosigners of the letter, stated in a press release:

“States collected an estimated $1.3 billion in tax revenue from legal cannabis sales in 2018. However, SBA’s current policy excludes small businesses with ‘direct’ or ‘indirect’ products or services that aid the use, growth, enhancement, or other development of cannabis from SBA-backed financing.”

By legalizing cannabis, states could generate billions of dollars to make up for lost tax revenue. How COVID-19 is making a case for full cannabis legalization.

You would think federal officials would do everything they can to keep this revenue flowing while other wells run dry.

Let’s not forget the fact that the cannabis industry is actually adding jobs right now, not cutting them.

And much more than jobs are at stake.

If you believe every adult has the right to make their own decisions…

If you believe every person has the right to decide what medicine they want to put in their body…

If you believe people should not be rotting in cells for buying or selling small amounts of a plant…

Then you have the opportunity to something about it, right now.

You Can Make a Difference

Your voice has the power to make a difference.

And today, I want you to take a few minutes to call your local senator.

I want you to tell them why you support the legal cannabis industry, why cannabis should be legal at the federal level, and why you believe these companies deserve a fair shake and access to the small business stimulus plan.

It’s one of the best ways right now – and moving forward – to keep our economy churning and get folks back to work.

Federal legalization is the only way to do this. And we have the opportunity to make history.

You can find all the info you need to contact your House Representative here, and you can find your local Senator’s contact info right here.

Don Yocham, CFA

Executive Director, National Institute for Cannabis Investors


Full Cannabis Legalization Has Never Been More Urgent

Here at The Institute, we believe it’s only a matter of time before the Feds finally come to their senses and legalize cannabis nationally.

When that happens, it’ll be the biggest event in the history of the cannabis industry.

And here at The Institute, we are working diligently to position our subscribers for the next big payday in cannabis. Click here now to learn more.


Comments

9 responses to “11 Senators Demand Loan Relief for Cannabis Businesses, Immediately”

  1. I agree with the senators as well as this plant should be legalized for all usage 18 or 21 and above, your choice. It’s been widely smoked for over 70 yrs. by all generations, Mother , Marijuana and Apple Pie. How much more American can you get? Knowing now that over 65% of Americans do smoke it weather or not they admit it or not. the plant can stop some from losing their eyesight as well. Preventative to many, Medical Problems but still brain washed individuals don’t care as long as they have someone they can damn. as well as use it against people in a jealous self motivated Hate towards others. Stemmed by jealousy are whatever mental problem they have. LEGALIZSE MARIJUANA

  2. People were using marijuana for ages, are using it now and will keep using it forever.
    It should be legal long time ago.

  3. We need the jobs! The states need the taxes. Pull 60 billon of illegal revenue onto the legal ledger. Legalize it, tax it reasonably, let them use banks and borrow money, and kick this economy into a higher gear!
    Britt

  4. People have been using marijuana for years. I wouldn’t know what to do without medical marijuana. I have been living with chronic pain for many years. It has become a lot more manageable since I discovered medical cannabis!!!!!!

  5. A lot of states are dropping the ball when it comes to medical marijuana. The revenue and taxes generated can help the states and people acquire jobs, not to mention peoples medical needs.

  6. It is still incomprehensible to me why our elective officials refuse to listen to the people they are elected to represent. And it is even more important now as COVID-19 has deviated our employment situation. The people need the jobs and the State and the Federal governments need the tax dollars the industry produces. Oh I forgot to mention the reduction in the amount the states and feds spend each year on people incarcerated for marijuana.
    The time has come to remove the antiquated marijuana laws from the books. We need to recognize the positive effects of THC, create new jobs and retain the dollars from the black market sales that are currently being sent out of the country. This needs to be done NOW, not 2, 4 or 7 years from now.

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