Today, the House Committee on Small Business held a hearing entitled Unlocked Potential? Small Businesses in the Cannabis Industry to discuss the economic and employment opportunities in the emerging legal cannabis industry and the challenges that federal prohibition and criminalization pose in regards to the Small Business Administration.
Currently, the SBA is prohibited from providing support, guidance, or microloans to small businesses in the cannabis industry, unlike every other sector of the economy.
NORML Political Director Justin Strekal released the following statement:
“In order to provide for inclusiveness within the legal industry, federal policy should strive to reduce roadblocks for qualified entrepreneurs in order to encourage participation from formerly disenfranchised populations,”
“Those enterprising individuals who would benefit most from the critical resources that the Small Business Administration must not be discriminated against in their quest to be job creators around the country.”
“It is for these reasons and more, NORML asks the House Committee on Small Business to advance legislation…