This week lawmakers passed, and President Trump signed, a $480B stimulus package, which replenishes coffers for the small business paycheck protection program (PPP). While most cannabis companies are small businesses, they will not be eligible for federal relief.
- Legalization supporters Rep. Earl Blumenauer (D-Ore.) and Rep Ed Perlmutter (D-Colo.) introduced a bill that would make cannabis businesses eligible for coronavirus relief.
- Ten Senators, all Democrats, called for the industry to receive federal relief.
- Motley Fool explains why pot shops could receive aid in the inevitable next stimulus bill.
- Industry lobbyists are trying to make it happen.
Many WeedWeek readers will be unsurprised to learn many Americans are spending their $1,200 stimulus checks on weed.