With marijuana still illegal under federal law, the cannabis industry can't readily access traditional financing from banks. And cannabis companies can’t get the same emergency federal loan assistance as other businesses that are struggling during this time.
Legalization advocates have long argued that marijuana represents a potentially effective treatment option for chronic pain and could serve as an alternative to opioid-based painkillers—and according to a new scientific meta-analysis, they may be onto something.
Despite a bill being tabled in U.S. Congress this week to support smaller cannabis companies during the pandemic, an independent Colorado retailer said they aren’t holding their breath for financial aid.
At the start of 2020, more than a dozen states seemed very likely to legalize marijuana for recreational or medical purposes by the end of the year. Now that a coronavirus pandemic has overwhelmed just about every aspect of American life, it seems only a handful of states will be able to enact marijuana reform.
At the start of 2020, cannabis legalization bills in a handful of northeast states had a relatively clear path to passage. That was before the coronavirus pandemic hit. The latest place where a cannabis bill is delayed? Connecticut.
In 2013, the American Civil Liberties Union released a groundbreaking report that examined millions of cannabis arrests across America between 2001 and 2010 and found significant racial disparities in how cannabis laws were enforced. Just one year before its release, Colorado and Washington made history when voters in both states on election night passed ballot measures to legalize cannabis use and sales for adults. Since then, nearly a dozen states have followed.