In yet another setback for hemp and marijuana-adjacent businesses, the U.S. Small Business Administration (SBA) has quietly reintroduced a policy that effectively disqualifies most of them from critical federal loan programs. The updated policy, effective June 1, has far-reaching consequences for small businesses operating in compliance with state law (and for some, in compliance with federal law) – especially those selling hemp-derived foods, supplements, and cosmetics (collectively, "Consumable Hemp Products").
In a previous post, America's Missed Opportunity in the Global Marijuana Market, I outlined the broader systemic issues facing the marijuana industry. This latest shift by the SBA, however, zeroes in on hemp operators, especially those producing or selling Consumable Hemp Products.
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