Feds Defend Blocking Cannabis-Related Companies from Federal Loan Programs

The USDA is digging its heels in on a rule that keeps the cannabis industry out in the cold regarding certain federal loan programs. Despite several public objections, the agency confirmed that businesses profiting from "illegal drugs"—which still includes marijuana under federal law—cannot participate in the OneRD guarantee program. This means even secondary businesses, like landlords leasing space to a dispensary, are being blocked from federal financial support. It is a frustrating reminder that while many states have embraced the plant, federal agencies are still clinging to outdated Schedule I classifications.

For regular tokers and local entrepreneurs, this is a bit of a buzzkill. It creates more red tape for the small businesses and service providers that help our community thrive, making it harder for the legal market to stabilize and grow. However, there is a glimmer of hope on the horizon; with the federal government currently eyeing a move to Schedule III, these rigid USDA policies might eventually be forced to evolve. For now, it’s just another hurdle for the industry to clear.