New coronavirus relief bill includes marijuana banking legislation

The relief bill, named the HEROES Act, still won’t allow the cannabis industry access to SBA loans and assistance. Marijuana advocacy group NORML fears that if the legislation passes, it will accelerate the consolidation of the industry and push out small businesses from competing. As NOMRL noted, more than 240,000 American workers make up the cannabis industry and the majority of these companies are small to medium size.

Author: CSN