Recreational marijuana is legal in almost a dozen states, and medical marijuana in a majority...but cannabis is still illegal federally, and so cannabis businesses are not eligible for federal aid approved in the wake of the coronavirus pandemic.
Although many states consider marijuana "essential," the industry is still incurring costs in dealing with COVID-19. And so many lawmakers, who've already been concerned about the industry's lack of access to banking services, are trying to help them get access to aid, with Colorado Representative Ed Perlmutter leading the way. Last week, he and other industry stakeholders asked that language from the SAFE Banking Act be included in COVID-19 relief bills.
They've been open, sales are crazy good.... Weed industry doesn't need any help....
Pot shops have NOT been ordered to close. The money is for business that have had to send people home, or cut hours, due to closures. The freaking pot industry just hit some record sales, fuck that!?
As someone who works at a dispensary, I can tell you that while sometimes sales are good, the costs have been huge as we deal with social-distancing rules and other changes.
It makes a hell of a lot more sense than a church getting our tax money.
What did a church do to ever help fight cancer? It’s like an insult to societies to keep treating weed like a “drug." It’s fucking medicine for every human being that consumes.
And Bill concludes:
If you pay taxes in, then it's your money coming back. It's never their money.
And cannabis businesses definitely pay taxes in.
"Cannabis businesses and their employees already face a significant public safety risk without access to the banking system, and the COVID-19 crisis has only exacerbated this risk with these essential businesses having to move their cash-only transactions outside the store,” Pelmutter says. “At the same time, many of these businesses are facing disruptions in their supply chain and in normal operations, and they should be eligible for relief just like any other legal, legitimate business during this pandemic. I will continue to push for inclusion of the SAFE Banking Act or other forms of relief for this industry in the next package.”
What do you think of Perlmutter's stance? Post a comment or email email@example.com.
Keep Westword Free... Since we started Westword, it has been defined as the free, independent voice of Denver, and we would like to keep it that way. Offering our readers free access to incisive coverage of local news, food and culture. Producing stories on everything from political scandals to the hottest new bands, with gutsy reporting, stylish writing, and staffers who've won everything from the Society of Professional Journalists' Sigma Delta Chi feature-writing award to the Casey Medal for Meritorious Journalism. But with local journalism's existence under siege and advertising revenue setbacks having a larger impact, it is important now more than ever for us to rally support behind funding our local journalism. You can help by participating in our "I Support" membership program, allowing us to keep covering Denver with no paywalls.