With the support of House Speaker Nancy Pelosi, Representative Ed Perlmutter (D-CO) is working to include provisions to allow marijuana businesses access to banking services in an upcoming COVID-19 stimulus package.
Current SBA regulations prevent cannabis businesses and vendors from accessing emergency relief funds granted by Congress with the CARES Act. The governor of Colorado, Jared Polis, has asked Congress to include a provision in the next relief bill to ensure all state-legal cannabis businesses, direct and indirect, have access to emergency loans.
In Arkansas, the state government has taken an important step to make sure that potential medical cannabis patients are not excluded while social distancing. A new emergency ruling allows patients seeking cannabis for medicinal purposes to use "telemedicine" to obtain a prescription.
The first FDA approved, cannabis-based pharmaceutical product finally has been removed from the Drug Enforcement Administration's controlled substance list.