MJBizMag July 2020 - 17
Aaron Justis, the president of
Los Angeles-based dispensary Buds
& Roses, tried applying for CalCAP,
a state-run lending program that's
aimed at helping small California
businesses. He was told he didn't
qualify because none of the banks
involved were willing to issue loans to
federally illegal companies.
" It's like they're going to extra
lengths to not help us, " Justis said,
noting that cannabis companies
such as his have spent thousands
of dollars to remain open during
the pandemic, incurring costs that
include installing new plexiglass to
separate cashiers from customers,
added labor hours, extra personal
protective gear and so on.
" We've been abused by the system
for so long that they just think
we're used to it, " Justis said. " It's
discriminatory. "
Turning Gratitude Into Action
This is not to suggest that many
in the industry are not grateful for
having been deemed " essential " by
almost every state government that
has an operational cannabis market
(the sole exception being recreational
MJ in Massachusetts).
But gratitude for the ability to keep
doing business through the pandemic
hasn't erased the double standard
created by Congress' inaction on
marijuana reform-particularly when
MJ industry workers are placing their
lives on the line along with hospital
staffers, grocery employees and
others continuing to work through
the pandemic.
Bachtell, for his part, believes
there's a political opening that could
be exploited, and the inclusion of
the SAFE Banking Act in a proposed
coronavirus-aid package in early
May is evidence he might
be correct.
Bachtell suggested that if the
industry were suddenly granted
banking access, it could spike from
roughly 250,000 current employees
to more than a million in two years
or less.
" Cannabis is putting itself in a
position to be so logical and so
rational as part of a comprehensive
solution to the problems these
governing bodies are going to have in
a post-COVID world that the ability
to say no (to federal MJ reforms) just
doesn't make any sense anymore, "
Bachtell predicted.
The entire industry should hope
that he's right.
John Schroyer is a senior reporter
covering California for Marijuana
Business Magazine.
July 2020 | mjbizdaily.com 15
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MJBizMag July 2020
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