Senator Pushes Marijuana Banking Bill Amendment To Provide Industry Access To Small Business Administration Services

A Democratic senator says that she wants to see a bipartisan marijuana banking bill amended to include provisions that would allow cannabis businesses to access federal Small Business Administration (SBA) services.

Sen. Jacky Rosen (D-NV) said on Tuesday that lawmakers “must fully support legally-operating cannabis small businesses, & that means giving them access to [SBA] loans & resources.”

We must fully support legally-operating cannabis small businesses, & that means giving them access to @SBAgov loans & resources.

That’s why we must include my bill to level the playing field for these small businesses in the bipartisan SAFE Banking Act.https://t.co/sc05geMNds

— Senator Jacky Rosen (@SenJackyRosen) May 16, 2023

To that end, “we must include my bill to level the playing field for these small businesses” as part of the Secure and Fair Enforcement (SAFE) Banking Act, the senator said, sharing a link to a recent Marijuana Moment op-ed in which Minority Cannabis Business Association (MCBA) board member Tahir Johnson argued for the expansion of the legislation to include SBA aid.

Johnson on Tuesday reacted to Rosen’s tweet linking his op-ed by telling Marijuana Moment that “overwhelmingly, both supporters and opponents of cannabis legalization oppose the formation of a ‘big tobacco’

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