Cannabis businesses won’t be able to receive federal support during the coronavirus pandemic — here’s what that means for the industry.
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In US news and current events today, cannabis businesses can’t get federal relief during COVID-19 — even under the $2T+ stimulus plan that was recently passed. The lack of relief for weed businesses is due to the federal Schedule 1 status of cannabis under the U.S. Controlled Substances Act. Schedule 1 places cannabis in the same schedule as heroin and says it has no known medical benefit and a high risk of abuse.

Learn more about how cannabis businesses are being affected by the coronavirus.

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