As more states transition from marijuana criminalization to a regulated retail marketplace, struggles over the structure of retail sales markets have become a foremost concern. Inabilities in establishing and enacting clear and timely regulations regarding the application and acceptance process for business licenses have caused significant delays in the actualization of retail markets in many states.
The Secure and Fair Enforcement (SAFE) Banking Act has been reintroduced in the House of Representatives by Representatives Ed Perlmutter (D-CO), Steve Stivers (R-OH), Nydia Velazquez (D-NY), and Warren Davidson (R-OH).
Right now, the USPS is accepting public comment until March 20th, and the fix is relatively simple. The USPS simply needs to clarify that these new changes do not include non-nicotine vaporization devices.
The analysis projects as many as 295,000 marijuana-related jobs by the close of 2020 – a total that is slightly higher than the total number of computer programmers working in the United States.
“One unanticipated effect of the COVID-19 pandemic has been the growth acceleration of legal cannabis markets (and erosion of the illicit markets) in those states which have activated both medical and adult-use sales.”
Ten members of the Senate, led by Senators Jacky Rosen (D-NV) and Ron Wyden (D-OR), and 34 members of the House, led by Representatives Earl Blumenauer (D-OR) and Tom McClintock (R-CA), have recently issued letters requesting Small Business Administration funding programs be expanded so that they may be accessed by state-licensed cannabis businesses.
A coalition of US Senators are urging leadership to permit licensed cannabis operators to qualify for loans and other forms economic assistance available from the Small Business Administration.