Home Uncategorized Federal law poses challenges to new Connecticut cannabis businesses

Federal law poses challenges to new Connecticut cannabis businesses

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When Lisa Capitani decided to start a small business to educate and guide medical marijuana patients, she knew she’d need some advice.

So Capitani, a nurse who lives in Newtown, turned to other nurses across the country who have cannabis-related businesses. And she applied for a mentor through SCORE, a nonprofit that provides free mentorship and advice to people looking to launch businesses.

But her application was recently denied because the program is funded through a U.S. Small Business Administration grant, and marijuana use is illegal at the federal level. Capitani’s experience represents just one of many extra hurdles that often hobble cannabis-related businesses before they get started.

Cannabis-related businesses often struggle to get start-up loans. They’re denied assistance programs. They can’t take the same tax deductions as other businesses. They can’t even use Quickbooks.

These barriers tend to stem from the same issue: State legislation contradicts federal law regarding the legality of cannabis.

“There’s enough challenges with trying to get into this new semi-regulated cluster mess of a business that it would be helpful if the state offered some kind of access, some kind of access to the kinds of services other businesses have access to,” Capitani said. [Read more at CT Insider]

The post Federal law poses challenges to new Connecticut cannabis businesses appeared first on Cannabis Business Executive – Cannabis and Marijuana industry news.

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