SANTA FE, N.M. (AP) — New Mexico will provide business loans of up to $250,00 toward small-scale cannabis businesses in an effort to provide economic opportunity to communities that were hit hard by past criminal enforcement of marijuana laws. The Regulation and Licensing Department on Thursday announced that the loan program is moving forward, after a legislative panel provided approval this week. The New Mexico Finance Authority is planning for a $5 million line of credit for cannabis entrepre
Rep. Ed Perlmutter (D., Colo.) wants to attach legislation to reform cannabis banking to the much larger National Defense Authorization bill, the annual “must-pass” legislation that Congress needs to enact by Jan. 1, 2022.
Representative Perlmutter (D-CO) joins Yahoo Finance Live to discuss the current state of the economy, the recently discovered COVID-19 variant, the debt ceiling deadline, marijuana banking reform, and the outlook for enacting the Build Back Better legislation.