Sec. 401. Fair Small Business Administration access
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/bill/118/hr/6028/ih/section-401·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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. In this paragraph: The term cannabis has the meaning given the term marihuana in section 102 of the Controlled Substances Act. The term cannabis product means any article that contains cannabis, including an article that is a designated State medical cannabis product within the meaning of part J of subchapter V of chapter 9 of the Federal Food, Drug, and Cosmetic Act.
The term cannabis-related legitimate business means a cannabis farmer, cannabis producer, or any person or company that is a small business concern and that— engages in any activity described in subclause
(II)pursuant to a law established by a State or a political subdivision of a State, as determined by such State or political subdivision; and participates in any business or organized activity that involves handling cannabis or cannabis products, including cultivating, producing, manufacturing, selling, transporting, displaying, dispensing, retailing, wholesaling, distributing, or purchasing cannabis or cannabis products. The term cannabis producer means a person who manufactures, compounds, converts, processes, prepares, or packages cannabis or cannabis products. The term cannabis farmer means a person who plants, cultivates, harvests, or in any way facilitates the natural growth of cannabis. 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, retailing, wholesaling, distributing, or purchasing cannabis or cannabis products. The term State means each of the several States, the District of Columbia, Puerto Rico, and any territory or possession of the United States. .
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Sec. 401
Fair Small Business Administration access
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