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Colorado Governor Announces ‘Landmark’ Marijuana Loan Program To Support Social Equity Businesses

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The governor of Colorado announced on Monday that the state is launching a loan program to support social equity marijuana businesses.

Gov. Jared Polis (D) and the Cannabis Business Office (CBO) said the state will be providing funding through a new Cannabis Business Loan Program, in partnership with the lending company NuProject.

Because marijuana businesses are often ineligible for traditional loan programs, this state-run initiative is meant to help fill that gap and provide resources for small businesses as Colorado’s cannabis market continues to evolve.

“This landmark loan program will create and retain 239 good-paying jobs and promote equity in the cannabis industry by providing growing businesses access to funding,” Polis said in a press release on Monday. “I am committed to saving small businesses money and ensuring our state remains a great place to start and run a business in every industry.”

“Thank you to NuProject for partnering with Colorado on this exciting milestone and working to support innovation in Colorado’s cannabis industry,” he said.

The loans, which will range from $50,000 to $150,000, are meant to fund renovations, expansions, equipment costs, real estate and “working capital.” The administration said that the loans will have “favorable and manageable terms

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Connecticut Officials Apologize For Retaliatory Inspection Of Marijuana Grower Following Critical Testimony

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“We will work to rebuild the trust of the committee, our credential holders and the public.”

By Mark Pazniokas, The Connecticut Mirror

The state Department of Consumer Protection (DCP) apologized Friday for conducting what appeared to be a retaliatory inspection at a cannabis cultivator Thursday, a day after the company’s chief executive offered testimony at the General Assembly criticizing DCP testing protocols on recreational marijuana.

Bryan Cafferelli, the commissioner of consumer protection, offered public and private apologies and made no attempt to suggest there was a legitimate reason for what he called an “unannounced compliance check” that “took place without knowledge or approval of the commissioner.”

“This should not have happened,” Cafferelli said in a written response to an inquiry by The Connecticut Mirror. “Everyone should feel safe and comfortable providing testimony at a public hearing without fear of retribution or retaliation, whether they are a member of the general public or a licensee.”

“We sincerely apologize to the individuals and business involved,” he said. “We will work to rebuild the trust of the committee, our credential holders and the public.”

Cafferelli and a spokesperson for the department, Kaitlyn Krasselt, declined to say who ordered or conducted the inspection, calling

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Trump invites former cannabis prisoner to speech, but doesn’t mention cannabis (Newsletter: February 5, 2025)

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CA blames feds for marijuana market issues; PA AG on legal cannabis “risks”; AZ & MO psychedelics; Poll: Inflation cuts marijuana purchases

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President Donald Trump hosted Marc Fogel, who until recently was incarcerated in Russia for possessing medical cannabis that he used to treat pain, as a guest for his speech before a joint session of Congress—but he made no mention of marijuana while introducing the newly freed American.

Pennsylvania Attorney General Dave Sunday (R) said he wants to be a “voice for

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Russia detains another American for cannabis (Newsletter: February 17, 2025)

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Switzerland marijuana legalization; OR business sue to block cannabis labor law; Fed psilocybin case; NC medical marijuana; 1 out of 10 in US use CBD

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/ TOP THINGS TO KNOW

Russia has detained another U.S. citizen it says was caught with cannabis at an airport in Moscow—an announcement that comes just days after the American Marc Fogel was freed from being incarcerated in that country over medical marijuana.

The U.S. Court of Appeals for the Ninth Circuit rejected an effort by a Washington State doctor to legally use psilocybin to treat cancer patients in end-of-life care, ruling that the Drug Enforcement Administration provided a reasonable explanation in denying his request.

Two Oregon marijuana businesses filed a federal lawsuit seeking to block

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