Marijuana legalization at the state level has created a moneymaking opportunity not only for licensed growers and sellers but also for a wide range of ancillary businesses, from publicly traded garden product companies to local print shops.
Now a new Small Business Administration (SBA) policy could force some entrepreneurs to choose between serving cannabis clients and getting a federally subsidized loan.
In an April policy notice, the federal agency said it won’t approve loans to businesses that derive any portion of their revenue from sales to marijuana clients, because the drug is illegal under federal law. The policy could hurt local nature centers, architects, designers, attorneys and other businesses that occasionally work with licensed weed industry, legal experts say.
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2 comments:
You'd think that Dick Nixon was still in the White House.
It's the Keebler Elf we have for an Attorney General.
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