Sec. 7. Availability of Small Business Administration programs and services to cannabis-related legitimate businesses and service providers
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Section 3 of the Small Business Act ( 15 U.S.C. 632 ) is amended by adding at the end the following new subsection: In this Act: The term cannabis — means all parts of the plant Cannabis sativa L., whether growing or not; the seeds thereof; the resin extracted from any part of such plant; and every compound, manufacture, salt, derivative, mixture, or preparation of such plant, its seeds or resin; and does not include— hemp, as defined in section 297A of the Agricultural Marketing Act of 1946; or the mature stalks of such plant, fiber produced from such stalks, oil or cake made from the seeds of such plant, any other compound, manufacture, salt, derivative, mixture, or preparation of such mature stalks (except the resin extracted therefrom), fiber, oil, or cake, or the sterilized seed of such plant which is incapable of germination.
The term cannabis-related legitimate business means a manufacturer, producer, or any person or company that is a small business concern and that— engages in any activity described in subparagraph
(B)pursuant to a law established by a State or a political subdivision of a State, as determined by such State or political sub-division; and participates in any business or organized activity that involves handling cannabis or cannabis products, including cultivating, producing, manufacturing, selling, transporting, displaying, dispensing, distributing, or purchasing cannabis or cannabis products. The term service provider — means a business, organization, or other person that— sells goods or services to a cannabis-related legitimate business; or provides any business services, including the sale or lease of real or any other property, legal or other licensed services, or any other ancillary service, relating to cannabis; and does not include a business, organization, or other person that participates in any business or organized activity that involves handling cannabis or cannabis products, including cultivating, producing, manufacturing, selling, transporting, displaying, dispensing, distributing, or purchasing cannabis or cannabis products. . Section 21(c) of the Small Business Act ( 15 U.S.C. 648(c) ) is amended by adding at the end the following new paragraph: A small business development center may not decline to provide services to an otherwise eligible small business concern under this section solely because such concern is a cannabis-related legitimate business or service provider. . Section 29 of the Small Business Act ( 15 U.S.C. 656 ) is amended by adding at the end the following new subsection: A women’s business center may not decline to provide services to an otherwise eligible small business concern under this section solely because such concern is a cannabis-related legitimate business or service provider. . Section 8(b)(1)(B) of the Small Business Act ( 15 U.S.C. 637(b)(1)(B) ) is amended by adding at the end the following new sentence: The head of the SCORE program established under this subparagraph may not decline to provide services to an otherwise eligible small business concern solely because such concern is a cannabis-related legitimate business or service provider. . Section 32 of the Small Business Act ( 15 U.S.C. 657b ) is amended by adding at the end the following new subsection: A Veteran Business Outreach Center may not decline to provide services to an otherwise eligible small business concern under this section solely because such concern is a cannabis-related legitimate business or service provider. . 7(a) loans Section 7(a) of the Small Business Act ( 15 U.S.C. 636(a) ) is amended by adding at the end the following new paragraph: The Administrator may not decline to provide a guarantee for a loan under this subsection to an otherwise eligible small business concern solely because such concern is a cannabis-related legitimate business or service provider. . Section 7(b) of the Small Business Act ( 15 U.S.C. 636(b) ) is amended by inserting after paragraph
(15)the following new paragraph: The Administrator may not decline to provide assistance under this subsection to an otherwise eligible borrower solely because such borrower is a cannabis-related legitimate business or service provider. . Section 7(m) of the Small Business Act ( 15 U.S.C. 636(m) ) is amended by adding at the end the following new paragraph: An eligible intermediary may not decline to provide assistance under this subsection to an otherwise eligible borrower solely because such borrower is a cannabis-related legitimate business or service provider. . Title V of the Small Business Investment Act of 1958 ( 15 U.S.C. 695 et seq.) is amended by adding at the end the following new section: The Administrator may not decline to provide a guarantee for a loan under this title to an otherwise eligible State or local development company solely because such State or local development company provides financing to an entity that is a cannabis-related legitimate business or service provider (as defined in section 3(ff) of the Small Business Act). .
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Sec. 7
Availability of Small Business Administration programs and services to cannabis-related legitimate businesses and service providers
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