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DOJ investigating cannabis companies over COVID loans (Newsletter: April 15, 2024)

Biden & Harris talk marijuana; SAFER Banking negotiations; NH legalization; NE hemp tax; FL cannabis campaign funding; VT safe drug consumption site

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The Justice Department is investigating marijuana-related businesses that allegedly received COVID relief loans in violation of federal rules, with third-party actors leveraging a whistleblower policy that allows them to take a portion of settlement money for successful cases.

President Joe Biden, Vice President Kamala Harris and top Justice Department officials all separately touted the administration’s marijuana pardons to commemorate Second Chance Month on Friday.

Senate Majority Leader Chuck Schumer (D-NY) and leaders of the House Financial Services Committee are in talks about merging marijuana banking legislation with a proposal to regulate stablecoins.

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