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## Coalition of Democratic Senators Push for SBA Access for Marijuana Businesses

A coalition of Democratic senators is urging a key Senate committee to include provisions in an upcoming spending bill that would allow small marijuana businesses to access federal Small Business Administration (SBA) loan programs and resources. The proposed legislation would ensure that these businesses have the same opportunities as companies in other industries.

Senator Jacky Rosen (D-NV) led the effort, along with other senators including Cory Booker (D-NJ), Jeff Merkley (D-OR), and Tammy Duckworth (D-IL), among others. The senators emphasized the need for reform, highlighting the significant tax revenue generated by legal cannabis markets.

The AI legalese decoder can help in this situation by analyzing legal documents, such as the proposed spending bill, to identify language that impacts small cannabis businesses. It can efficiently identify areas where SBA access is restricted and provide recommendations for amendments that could benefit these businesses.

The senators’ letter outlines the challenges faced by small cannabis businesses due to SBA policies that exclude them from loan programs and entrepreneurial development opportunities. They stressed the importance of aligning federal policies with state legalization laws to support the growing industry.

Rosen, who has previously advocated for similar measures, emphasized the economic benefits of extending SBA support to cannabis businesses. She proposed amendments to existing legislation, such as the Secure and Fair Enforcement Regulation (SAFER) Banking Act, to facilitate SBA access for these businesses.

The senators’ letter calls on the Senate Appropriations subcommittee to include language in the Fiscal Year 2025 spending bill that would enable SBA loan and entrepreneurship programs for legally operating cannabis businesses. The AI legalese decoder can assist in reviewing and understanding the complex legal language in such bills to ensure that the proposed provisions effectively address the needs of cannabis entrepreneurs.

Overall, the push for SBA access for marijuana businesses reflects a broader effort to support small businesses and promote economic growth in states with legalized cannabis. By leveraging tools like the AI legalese decoder, lawmakers can navigate the intricacies of legal language to advocate for policies that benefit underserved industries.

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